Oil Declines to 7-Month Low as Worldwide Supply Anxieties Ease
A support vessel flying an Iranian national flag sails alongside an oil tanker as it prepares to transport crude oil to export markets in Bandar Abbas, Iran. (Photographer: Ali Mohammadi/Bloomberg)

Oil Declines to 7-Month Low as Worldwide Supply Anxieties Ease

(Bloomberg) -- Oil dropped to a seven-month low as concern eased that U.S. sanctions on Iran will squeeze worldwide supplies.
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