Crude Oil Poised for Biggest Weekly Drop Since March on Glut

Updated on

(Bloomberg) -- Oppenheimer & Co.’s Fadel Gheit discusses the collapse in oil prices and the probable impact of lifting sanctions on Iran. He speaks with Tom Keene and Brendan Greeley on Bloomberg Television's “Bloomberg Surveillance.” (Source: Bloomberg)

Oil capped its steepest weekly loss since March as the International Energy Agency forecast prices will need to fall further to curb excess supplies.

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