Oil Set for Third Quarterly Drop as Deadline in Iran Talks Looms
- Oil headed for a third quarterly loss as Iranian and Western diplomats worked toward a nuclear deal that may lead to the OPEC member increasing crude exports and worsening a global supply glut. Futures dropped as much as 1.7 percent in New York, falling for a third day. Russian Foreign Minister Sergei Lavrov left the talks in Switzerland and will only return if an agreement is in sight, signaling negotiations may continue into the final hours leading to Tuesday’s deadline. U.S. crude stockpiles probably expanded further from a record last ...
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