Oil crashes back to $92 as U.S.-Iran diplomacy wipes out nearly 8% in a week

Oil took another beating Friday as talks between Iran and the United States returned to the market’s radar. West Texas Intermediate crude sank 2.3% to $92.41 a barrel, pushing its weekly loss to 7.9%. Brent crude also fell 2.1% to $104.32, though the global benchmark finished the full week roughly flat. Iran has put a...