Oil capped its longest run of weekly declines since January amid signs the global glut that’s driven prices to six-year lows will be prolonged. West Texas intermediate futures dropped 3.1% over the past five days for a seventh weekly loss.
Oil capped its longest run of weekly declines since January amid signs the global glut that’s driven prices to six-year lows will be prolonged. West Texas intermediate futures dropped 3.1% over the past five days for a seventh weekly loss.