Oil Sinks to Lowest in Almost 7 Years as Iran Vows More Supply

  • `Absolutely no chance' Iran will delay export boost: minister
  • Speculators raise bearish bets on WTI to all-time high

Production Timetable: Iran's Oil Comes Online

Oil extended declines from the lowest price since February 2009 as Iran pledged to boost crude exports, bolstering speculation OPEC members will exacerbate the global oversupply.

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