OIL PRICES FLIP TO GAINS
Oil futures flipped to gains after Iraq officials said the country would cut production along with OPEC and U.S. inventories showed an unexpected decline.
U.S. CRUDE OIL INVENTORIES SURPRISINGLY DECLINE
U.S. crude oil stockpiles unexpectedly fell for the week ended Nov. 18, while gasoline supplies climbed, according to data released Wednesday by the Energy Information Administration.
EPA COMPLETES RULE REQUIRING MORE ETHANOL BLENDED INTO 2017 GASOLINE SUPPLY
Federal regulators finalized a rule Wednesday that raises the amount of ethanol refineries must blend into the nation's gasoline supply, providing a boost to ethanol companies and drawing criticism from an oil industry that opposes higher levels.
IRAN'S KHAMENEI THREATENS RESPONSE IF U.S. EXTENDS SANCTIONS
Iranian Supreme Leader Ayatollah Ali Khamenei threatened an unspecified response if the U.S. extends sanctions for another 10 years, days after the House of Representatives voted in favor of an extension.
STOCKS CALM AFTER DOW RECORD
U.S. stocks were mixed Wednesday as markets stabilized the day after the Dow industrials closed above 19000 for the first time in history.
POTASH CORP. PLANS JOB, OUTPUT CUTS
Potash Corp. of Saskatchewan Inc. said it would cut 140 jobs at its Cory potash mine and curtail production at two other operations in its home province.
U.S. DURABLE GOODS POST BIGGEST JUMP IN A YEAR
Demand for long-lasting manufactured goods rose 4.8% in October, the fastest pace in a year, a sign the U.S. factory sector has begun to stabilize.
U.S. CONSUMER SENTIMENT ROSE AMID TRUMP'S ELECTION
A measure of consumer sentiment improved in November, a sign of rising confidence in the economy during the final stretch of a turbulent presidential campaign that culminated in the election of Donald Trump-and its immediate aftermath.
TURKEY'S PRESIDENT DISMISSES PENDING VOTE ON EU MEMBERSHIP
Turkey's president declared Wednesday that a coming vote in the European Parliament on whether to freeze membership talks with Turkey is of "no value" to his country.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
Heard on the Street
COMMODITIES STILL FACE IRON LAWS OF SUPPLY AND DEMAND
Investors should watch miners' 2016 results carefully to see whether firms take the bait of higher prices and let capital expenditures drift up again.
NEW WORLD ORDER HAS OPEC IN A BIND
It was only a month ago that the Organization of the Petroleum Exporting Countries grabbed back its place as the cartel that runs the world of oil.
(END) Dow Jones Newswires
November23, 2016 13:15 ET (18:15 GMT)
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