Oil Prices Rise as Hopes Grow for an OPEC Output Cut

Oil prices rose Friday as hopes grew that major oil producers would be able 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.

U.S. Oil-Rig Count Climbs by 19

The number of rigs drilling for oil in the U.S. rose by 19 in the past week to 471, according to oil-field services company Baker Hughes Inc

Obama Administration Rescinds Planned Lease Sales in Arctic

The Obama administration said it was rescinding plans to allow two oil and natural-gas lease sales in the Arctic Ocean, a move that might be reversed by President-elect Donald Trump, who has vowed to lift federal restrictions on oil and natural-gas drilling.

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 commodity markets.

Brazil Judge to Hear Charges in Samarco Dam Collapse

A federal judge has ordered 21 people linked to the world's largest mining companies to answer to homicide charges in connection with last year's deadly mine disaster in southeastern Brazil.

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.

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.

(END) Dow Jones Newswires

November 21, 2016 06:54 ET (11:54 GMT)

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