TOP STORIES

OIL PRICES WAVER; MARKET EDGY AHEAD OF OPEC MEETING

Oil futures wavered between gains and losses Friday, with volatility expected ahead of a meeting later this month of major oil-producing countries aiming to strike a deal to cut output and stabilize prices.

IRAQ NOW OPTIMISTIC ABOUT OPEC OIL-OUTPUT DEAL

Iraq's oil minister said he is optimistic about OPEC reaching an agreement at its next meeting, a change in tone that suggests the cartel's most recalcitrant member is coming around to the idea of cutting oil output.

GAZPROM CUTS STAFF BY 20% IN LONDON TRADING BUSINESS, SOURCES SAY

Gazprom has made deep cuts to its London-headquartered trading business, in an early sign of the Russian gas giant's attempts to adjust to continued weakness in commoditymarkets.

BROOKFIELD PUSHES FOR TERRAFORM POWER DEAL

Brookfield Asset Management has hung a possible price tag on its proposed takeover of TerraForm Power Inc., at $13 per share, a penny under Thursday's market closing price.

TESLA, SOLARCITY MERGER GETS SHAREHOLDER APPROVAL

Shareholders of Tesla and SolarCity approved Tesla's $2.1 billion all-stock offer to merge and create one company headed by Elon Musk that would sell emissions-free cars and solar panels that help power them.

STOCKS RETREAT, BOND YIELDS RISE

U.S. stocks retreated but were still on track for weekly gains, while bond yields and the dollar continued to rise.

FED'S GEORGE EXPECTS 'MODERATE PACE OF GROWTH'

Federal Reserve Bank of Kansas City President Esther George said she expects the national economy to grow at a moderate pace.

CONFERENCE BOARD'S LEADING ECONOMIC INDEX CLIMBS 0.1% IN OCTOBER

A basket of leading economic indicators increased slightly in October, a sign that U.S. economic growth would continue in the coming months.

DROP IN FOOD PRICES SOFTENS CANADA CPI RISE IN OCTOBER

Canada's annual inflation rate advanced in October on higher transportation and shelter costs, while the core rate rose at its slowest pace in over two years.

TESORO TO BUY WESTERN REFINING

Oil refiner Tesoro will buy Western Refining for $4.1 billion, a deal that will create one of the largest fuel processors in the Western U.S. and potential expansion opportunities in a business that has been tested in the past year.

BRAZIL'S PETROBRAS TO SELL LIQUIGAS UNIT TO ULTRAPAR

Brazilian state-run oil company Petrobras agreed to sell its cooking-gas distributor, known as Liquigas, to local fuel and petrochemical holding company Ultrapar Participacoes, in a deal worth 2.8 billion reais ($819 million).

WEST VIRGINIA OFFICIALS SUE OVER ALPHA FUNDING GAP

West Virginia environmental regulators are suing Alpha Natural Resources Inc.'s senior executives in a bid to hold them responsible for a $100 million funding gap regulators say threatens to doom the reorganized company.

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

Middle East News

U.N. AGENCY WARNS IRAN ON NUCLEAR DEAL

The International Atomic Energy Agency said last week that Iran had stockpiled slightly more than the allowable 130 metric tons of heavy water. Spent fuel can be taken from the heavy water to produce plutonium for a nuclear weapon.

Business

INTERNAL PROBE OVER PAYMENTS LED RIO TINTO TO FIRE TOP OFFICIALS

An internal Rio Tinto investigation raised questions about whether company executives followed rules for paying people close to government officials in foreign countries.

(END) Dow Jones Newswires

November 18, 2016 13:13 ET (18:13 GMT)

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