TOP STORIES

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.

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.

ICE CONSIDERS LIMITS ON POSITIONS IN DUBAI OIL-FUTURES CONTRACT

Exchange operator Intercontinental Exchange Inc. 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 stabilityin 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 Attorney General Rodrigo Janot said Friday.

DOW INDUSTRIALS HIT FRESH RECORD IN BEST WEEK SINCE 2011

The Dow Jones Industrial Average capped its election-week rally with another record and its biggest weekly gain 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 waterto residents.

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National Security

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.

Central Banks

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 18:03 ET (23:03 GMT)

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