Oil Slides to Below $69 a Barrel

rude oil fell to below $69 a barrel Friday after Iran called a meeting with United Nations officials positive, Bloomberg reported.

Benchmark light sweet crude oil futures slid 92 cents to $68.45 a barrel at the close of New York Mercantile Exchange trading.

Iran, OPEC’s second-largest producer behind Saudi Arabia, signaled it may allow UN inspectors access to its disputed nuclear program, Bloomberg said.

This week marks the first since the week of April 10 in which oil has closed at below $70 for the entire week.