(Bloomberg) — Oil fell further in New York after the deepest drop since July as concerns mount over OPEC supply and fuel demand.Iraq, a regular laggard in the output curb deal between OPEC and its allies, may seek a two-month extension to implement its compensatory cuts, indicating it won’t be able to reduce production as quickly as previously promised. That comes as other members of the club, including Saudi Arabia and Russia, are bringing some supply back in line with their agreement.In Europe, profit from making diesel on Thursday plunged to the lowest since at least 2011, signaling that demand …read more
Source:: Yahoo Finance
