OIL PRICES FALL ON LOWER EXPECTATIONS OF OPEC CUT
Oil prices settled sharply lower amid a stubborn crude glut and lowered expectations for a production cut by the Organization of the Petroleum Exporting Countries.
OPEC'S OIL PRODUCTION CUT IN DOUBT AS OUTPUT FLOWS
The Organization of the Petroleum Exporting Countries pumped more crude oil last month even as the group geared up to complete a plan to cut output at its meeting at the end of this month.
U.S. OIL-RIG COUNT ROSE BY TWO IN LATEST WEEK
The number of rigs drilling for oil in the U.S. rose by two in the past week to 452, according to oil-field services company Baker Hughes Inc.
ICE CONSIDERS LIMITS ON POSITIONS IN DUBAI OIL-FUTURES CONTRACT
Exchange operator Intercontinental ExchangeInc. is considering limiting the size of positions investors can take in an influential Dubai oil-futures contract, aligning it with existing limits on Brent, the global benchmark.
WELLS FARGO BEATS OUT SANDRIDGE TO BUY DRILLING PORTFOLIO
Wells Fargo Bank beat out SandRidge Energy to buy out of bankruptcy protection an oil and gas portfolio owned by Houston energy investor Atinum Midcon I LLC.
JAPAN, INDIA AGREE TO STRENGTHEN ECONOMIC, ENERGY AND DEFENSE TIES
Japan and India agreed Friday to strengthen their economic, energy and defense ties as the election of Donald Trump has spawned concern that U.S. would retreat from its role as a guarantor of free trade and stability in Asia.
BRAZIL'S ATTORNEY GENERAL DEFENDS PETROBRAS PROBE
The Brazilian people and the nation's Supreme Court will prevent the country's sprawling graft probe from being rolled back despite recent legislative attempts to weaken it, Brazil's AttorneyGeneral Rodrigo Janot said Friday.
OBAMA ADMINISTRATION GIVES UP ON PACIFIC TRADE DEAL
The Obama administration gave up all hope of enacting its sweeping Pacific trade agreement, a pact designed to preserve U.S. economic influence in Asia that was buried by a wave of antitrade political sentiment.
STOCKS PAUSE AFTER RECENT RALLY
U.S. stocks were little changed Friday, but the Dow Jones Industrial Average remained on track for its best week in nearly five years.
EGYPT SECURES $12 BILLION IMF LOAN
The IMF's executive board approved Egypt's request for a $12 billion loan facility, after the North African country met its requirements to implement tough measures to revive its floundering economy.
JUDGE ORDERS BOTTLED WATER DELIVERIES IN FLINT
More than a year after Michigan officials began addressing lead-tainted drinking water in Flint, a federal judge ordered that the state and city must deliver bottled water to residents.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
TRUMP FACES BATTLE TO UNDO IRAN NUCLEAR DEAL
Donald Trump as president will be positioned to swiftly pull the U.S. out of the nuclear agreement with Iran, but convincing other global powers to join him will be tough.
TRUMP WILL HAVE OPENING TO REMAKE THE FED BOARD
When president-elect Donald Trump takes office on Jan. 20, 2017, the powerful, seven-member Fed Board of Governors will already have two vacancies. Several other seats could open up during his four-year term.
(END) Dow Jones Newswires
November 11, 2016 16:16 ET (21:16 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.