OIL PRICES FALL AS U.S. INVENTORIES SOAR
Crude oil prices settled lower Thursday, as market sentiment remained cautious after data showed U.S. crude inventories made their largest gains in more than 30 years last week.
OPEC OPTIMISTIC ON OIL OUTPUT DEAL BY END OF NOVEMBER
After several days of falling oil prices, OPEC expressed confidence it would finalize an agreement to curb output this month.
CHESAPEAKE ENERGY RESULTS NOT AS BAD AS FEARED
Chesapeake Energy Corp. said its third-quarter loss narrowed thanks to lower costs that helped offset a drop in revenue on reduced production and low commodities prices.
ENCANA SWINGS TO PROFIT
Encana posted a third-quarter profit as cost-cutting efforts helped the oil and gas producer offset lower production.
ENBRIDGE POSTS SMALLER LOSS
Enbridge reported a smaller third-quarter loss on stronger contributions from its liquids pipelines operations as expansion projects came into service and deliveries recovered from wildfires in Alberta.
CREDITORS SEEK TO CLAMP DOWN ON SUNEDISON LAWSUITS
Creditors of SunEdison are elbowing their way to the front of the crowd of those suing the failed solar power developer's current and former leaders.
MARATHON OIL'S QUARTERLY RESULTS BEAT PROJECTIONS
Marathon Oil's loss narrowed sharply in the latest quarter, helped by higher-than-projected production and lower costs.
SHORELINE ENERGY ENTERS CHAPTER 11 PROTECTION WITH SALE PLANS
Texas oil and gas explorer Shoreline Energy LLC sought chapter 11 protection after hammering out a sale strategy with top creditors.
STOCKS SET TO EXTEND LOSING STREAK
Stocks slipped Thursday, putting the S&P 500 on track for its longest stretch of declines since October 2008.
PRODUCTIVITY JUMPED IN THIRD QUARTER
U.S. worker productivity advanced at the best rate in two years during the third quarter, but the broader trend remains consistent with a decade-long decline.
U.S. JOBLESS CLAIMS RISE TO 265,000 IN LATEST WEEK
The number of Americans seeking first-time jobless benefits climbed to the highest level since early August, though overall figures remain consistent with a steadily expanding labor market.
EGYPT DEVALUES ITS POUND IN FREE-FLOAT MOVE
Egypt's central bank said it has begun letting the local current float freely, a move aimed at eliminating a flourishing black market for U.S. dollars and securing a much-needed IMF loan, but one that deeply devalued the pound.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
CAN FRACKING BANS SUCCEED IN OIL AND GAS COUNTRY? ALL EYES ARE ON MONTEREY
Campaigns against hydraulic fracturing rarely win in places where crude and natural gas are produced, prompting a pitched national battle over a Nov. 8 California ballot measure.
NO OIL PRICE REBOUND ON HORIZON
With oil prices trading near multiweek lows, analysts believe next year won't be much better. A survey of 14 investment banks by The Wall Street Journal predicts prices will stay below $60 a barrel.
(END) Dow Jones Newswires
November 03, 2016 16:14 ET (20:14 GMT)
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