OIL PRICES FALL AHEAD OF OPEC MEETING
Oil prices declined Friday, as traders adopted a wait-and-see stance ahead of next week's crucial OPEC meeting, where the cartel is expected to strike a deal to cut output.
U.S., ALLIES PUSH IRAN ON STEPS TO BOLSTER NUCLEAR DEAL
The U.S. and its Western allies are pressing Iran to take steps to sharply cut the amount of radioactive material it holds in a bid to shore up their nuclear agreement, Western officials said.
U.S. OIL-RIG COUNT UP BY THREE IN LATEST WEEK
The number of rigs drilling for oil in the U.S. rose by three in the past week to 474, according to oil-field services company Baker Hughes Inc.
U.S. CRUDE OIL INVENTORIES SURPRISINGLY DECLINE
U.S. crude oil stockpiles unexpectedly fell for theweek 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.
BRAZIL'S PETROBRAS SETTLES MORE INDIVIDUAL SHAREHOLDER LAWSUITS
Brazilian state-run oil company Petró leo Brasileiro SA said it has agreed to settle 11 investor lawsuits related to corruption, the latest step toward resolving a major source of uncertainty and potential liability.
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.
SEVERN TRENT INCREASES BID FOR DEE VALLEY TO FEND OFF ANCALA
Severn Trent PLC late Wednesday increased its offer for Dee Valley Group PLC to £ 84.0 million from £ 78.5 million as it competes with Ancala Fornia Ltd., for the water company.
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.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
OIL PRICES AWAIT EFFECT OF OPEC DEAL
OPEC will meet next week amid a growing consensus the cartel will strike a deal to cut crude production. An open question remains: How much would that actually affect oil prices?
CZECH FIRM MAKES UNUSUAL BET ON COAL POWER PLANTS
While European utilities have been selling off coal-fired power plants at a brisk pace, spurred by falling electricity prices and new anti-carbon rules, Czech firm Energetický a Prumyslový has been standing by to snap them up.
(END) Dow Jones Newswires
November 25, 2016 11:16 ET (16:16 GMT)
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