Oil posted its first back-to-back weekly loss since April’s rout with the end of the summer driving season and concern about OPEC’s production compliance weighing on prices. Futures in New York edged up on Friday, but prices fell 6.1% this week coinciding with a retreat in U.S. equities. Traders are also examining data indicating the United Arab Emirates since July has been regularly exceeding its quota under a deal between the Organization of Petroleum Exporting Countries and its allies. “Oil by-and-large has not had a mind of its own this week,” said Michael Hiley, head of over-the-counter energy trading at New York-based LPS Futures, with investors’ focus shifting toward equities and the prospects for an economic rebound. There are also “lingering concerns that demand will drop off because everybody’s working from home and not many people are […]