Oil Prices Swing Ahead of Key OPEC Meeting

Oil prices fluctuated between positive and negative as investors debated the possibility of a production cut at this week's OPEC meeting.

European Stocks Weighed Down by Oil, Banks

Stocks and the dollar rowed back from recent gains Monday while oil prices came under pressure ahead of a critical meeting of the Organization of the Petroleum Exporting Countries.

Iran Still Hopes to Be Exempt From OPEC Output Cut

Iran is still trying to be exempted from an OPEC output cut but expects the group to reach an agreement on curbs next week, the country's oil minister said.

BP to Buy 10% Stake in Eni's Giant Zohr Gas Field Off Egypt Coast

BP PLC has agreed to buy a 10% stake in Eni SpA's super-giant Zohr gas field offshore Egypt, expanding an already extensive footprint in the country.

Chaparral, Key Creditors Reach Restructuring Deal

Months after filing for bankruptcy, Chaparral Energy and key creditors have reached a debt-restructuring deal.

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.

Brazil's Petrobras Settles More Individual Shareholder Lawsuits

Brazilian state-run oil company Petróleo 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

Scaffolding Collapse at China Power Plant Kills Dozens

The collapse of construction scaffolding at a power plant under expansion in eastern China killed at least 74 people, state media said, the latest deadly accident in a country grappling with poor industrial safety.

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 the week ended Nov. 18, while gasoline supplies climbed, according to data released Wednesday by the Energy Information Administration.

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.

Canada Budget Deficit Widens in September on Tax Decline

Canada's budget deficit widened in September from the same year-ago month on a broad-based declinein tax receipts.

(END) Dow Jones Newswires

November 28, 2016 07:37 ET (12:37 GMT)

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