Oil Drops for Second Day as Iran Nuclear Talks Remain Deadlocked
- Oil fell for a second day as Iranian and Western diplomats worked toward a nuclear deal that may lead to the Islamic Republic boosting crude exports, exacerbating a global supply glut. Futures dropped as much as 1.9 percent in New York. Diplomats scheduled to meet Monday morning in Switzerland remained divided over the pace of easing sanctions on Iran and the limits to be imposed on its nuclear program. The OPEC producer has been stockpiling oil, which Barclays Plc and Societe Generale SA predict would be the first to be sold abroad if an ...
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