WTI crude drop eased after failing to hold to September lows Qatar, Algeria, Venezuela said to lead effort to secure cuts Oil closed at an eight-week low in New York as Iranian output rose and the dollar surged to the highest since February. Declines eased in late trading as U.S. futures were unable to hold losses below September lows. Iran raised production at three fields faster than expected, while Saudi Arabia said the Organization of Petroleum Exporting Countries must agree to trim output to stabilize markets. Prices also dropped as the dollar rose to the highest level in more than nine months against its peers, making dollar-denominated commodities less appealing to investors. Oil has retreated the past three weeks amid skepticism about OPEC’s ability to implement a deal at its Nov. 30 meeting in Vienna. The group needs to allocate production cuts to achieve a ceiling of 32.5 million […]