Oil trades near three-week low amid talks to resolve Qatar spat

The oil price has plunged to a three-week low as diplomatic efforts to mitigate a dispute between Qatar and Saudi Arabia eased tensions in the world's top energy-producing region.
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
BY GRANT SMITH, BLOOMBERG

Oil traded near the lowest closing level in three weeks as diplomatic efforts to resolve a clash between Qatar and Saudi Arabia eased tensions in the world’s biggest energy-producing region.

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