TOP STORIES

OIL DOWN ON DOUBTS ABOUT OPEC'S ABILITY TO DELIVER CUTS

Oil prices dropped to a six-week low, extending a week-long slide amid more skepticism about production cuts from the Organization of the Petroleum Exporting Countries.

FORMER SAUDI OIL MINISTER HIGHLIGHTS TOUGH ROAD AHEAD FOR OPEC

Former Saudi Oil Minister Ali al-Naimi broke his silence six months after his abrupt departure from his job, revealing more about his failure to forge an agreement to cut output at a 2014 OPEC meeting.

U.S. OIL-RIG COUNT RISES BY NINE

The number of rigs drilling for oil in the U.S. rose by nine in the past week to 450, according to oil-field services company Baker Hughes Inc.

BIG OIL CEOS PLEDGE $1 BILLION TO FUND LOW-CARBON TECHNOLOGY

Ten of the world's biggest oil companies plan to invest an average of $100 million annually over the next 10 years in low-carbon technologies, the companies said.

PROXY SERVICE ISS ENDORSES PROPOSED TESLA, SOLARCITY DEAL

The proposed merger of Tesla Motors Inc. and SolarCity Corp. has received an endorsement from an influential shareholder proxy service, an important show of confidence for entrepreneur Elon Musk's plan ahead of a Nov. 17 vote.

EDF WARNS ON PROFIT AFTER PLANT SUSPENSION IS EXTENDED

State-controlled power utility Electricite de France issued a profit warning for the second time in less than two months after nuclear-plant outages were extended by the regulator, weighing on the company's share price.

OPEC RAMPS UP PRODUCTION DESPITE CUTS PROMISE, PLATTS SURVEY FINDS

Crude production from OPEC surged to 33.54 million barrels a day for the month from Sept. 16 to Oct. 16, according to global oil benchmarking agency S&P Platts.

C&JENERGY'S EXECUTIVE BONUSES WIN BANKRUPTCY COURT APPROVAL

C&J Energy Services Ltd. on Friday won bankruptcy court approval to pay senior executives up to $6.5 million in bonuses.

STRONG WAGE GROWTH HIGHLIGHTS STEADY LABOR-MARKET GAINS

Hiring by U.S. employers remained healthy in October as wage growth accelerated to its strongest pace since the recession. The jobless rate ticked down to 4.9%.

S&P 500 TURNS LOWER IN AFTERNOON TRADING

U.S. stocks edged lower in afternoon trade, with the S&P 500 on track for nine straight sessions of declines.

U.S. TRADE GAP SHRANK 9.9% IN SEPTEMBER

The trade gap in goods and services shrank 9.9% in September from a month earlier to a seasonally adjusted $36.44 billion, the smallest deficit since February 2015.

IRANIAN COURT JAILS ANTI-SAUDI PROTESTERS

Demonstrators convicted of storming Saudi diplomatic missions in Iran after the kingdom executed a prominent Shiite cleric receive prison terms of up to six months.

======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========

Business

LOW ELECTRICITY PRICES DIM POWER PLANT OPERATOR PROFITS

Low electricity prices are making it less profitable to be a power plant operator.

Markets Main

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 04, 2016 16:15 ET (20:15 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.