Brent Oil Posts Biggest 2-Day Drop Since March on Iraq Exports
This article is for subscribers only.
Oil futures posted their biggest two-day slide in London since March on concern record Iraqi exports will boost OPEC supplies.
Iraq plans to raise exports by 26 percent in June, signaling an escalation of OPEC’s strategy to defend market share. Losses for U.S. benchmark futures were capped on expectations that inventories fell a fourth week.