Oil Expected To Take Weekly Loss On Strong Dollar With Increasing Supply Problems – Bloomberg
Photographer: Andrey Rudakov / Bloomberg
Photographer: Andrey Rudakov / Bloomberg
Oil in New York is on the verge of the largest weekly decline since early June, after dollar gains reduced the appeal of commodities valued at US dollar, with concerns over the increase excess supply.
Futures are down 4.4% this week, set for the first weekly loss since late July, with a stocks slide after…