OIL PRICES WAVER ON UNCERTAINTY AHEAD OF OPEC MEETING
Oil prices fell back Tuesday, wiping out morning gains, as the intraday volatility engulfing the market continued to be fueled by headlines regarding the forthcoming meeting of OPEC members due to take place Nov. 30.
OPEC OIL DEAL IS LIKELY, OFFICIALS SAY
OPEC officials said they were close to agreement on the outlines of a production-cut deal but warned there were sticking points to be resolved.
DOW TOPS 19000 FOR FIRST TIME
The Dow Jones Industrial Average breached 19000 for the first time early Tuesday, a day after major U.S. stock indexes hit records. It's been a fast surge for the blue-chip index, which closed below 18000 less than three weeks ago.
CANADA RETAIL SALES RISE 0.6% IN SEPTEMBERRetail sales in Canada climbed in September on strong demand for new cars. Excluding the auto sector, sales were flat in the month.
U.S. EXISTING-HOME SALES HIGHEST SINCE FEBRUARY 2007
Homebuying activity rose in October for the second straight month to a new cyclical high, a sign the housing market is stabilizing as the year comes to a close.
VENEZUELA'S PDVSA MISSES $404 MILLION PAYMENTS ON BONDS
Petró leos de Venezuela SA missed $404 million in coupon payments on three of its bonds, highlighting the continued struggles of the Venezuelan state oil company.
SUNOCO LOGISTICS TO BUY ENERGY TRANSFER
Sunoco Logistics will buy Energy Transfer Partners in a $21 billion all-stock deal that will simplify a network of pipeline firms controlled by billionaire Kelcy Warren.
CANADA AIMS TO FULLY PHASE OUT COAL POWER BY 2030
Canada plans to phase out traditional coal power by 2030 and will work with the country'sfour remaining provinces that still burn the fuel to reach the goal, Environment Minister Catherine McKenna said.
ELLIOTT MANAGEMENT ASKS MARATHON PETROLEUM TO CONSIDER BREAKING UP
The hedge fund sent a letter to Marathon Petroleum's board saying breaking up the firm may be needed to unlock value.
ROWAN, ARAMCO TO LAUNCH OFFSHORE DRILLING JOINT VENTURE
Rowan and Saudi Arabian Oil said Monday that they would launch a new joint venture to own, operate and manage offshore drilling rigs that will be built in Saudi Arabia.
PLATINUM PARTNERS FUND OBTAINS LITIGATION SHIELD
Platinum Partners' flagship hedge fund secured a legal shield that puts on-hold litigation accusing the troubled fund of looting Texas oil and gas company Black Elk Energy Offshore.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
WHY SAUDI ARABIA'S OIL GIANT AIMS TO BE BIG IN CHEMICALS, TOO
Aramco's plans to expand its petrochemical operations are part of Saudi Arabia's effort to remake its economy as oil's future clouds.
Heard on the Street
MILD FALL MAY HOODWINK GAS TRADERS
A mild start to the heating season has left natural-gas traders unconcerned about how supplies will fare this winter, but there is precedent for a large draw on storage.
(END) Dow Jones Newswires
November 22, 2016 11:17 ET (16:17 GMT)
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