US oil poised for first weekly gain in five as dollar slides

Saturday, 21 March 2015 - 13:16

U.S. oil futures rebounded as a gauge of the dollar headed for the steepest weekly slide since 2011, boosting crude’s investment appeal.

West Texas Intermediate crude gained the most in five weeks.

Iranian envoys were set to leave nuclear negotiations in Switzerland after final consultations with U.S. Secretary of State John Kerry, with talks to resume next week.