OPEC AGREES TO CUT OIL PRODUCTION
OPEC representatives reached a landmark deal to reduce crude oil output, giving oil an immediate price boost after months of wrangling between OPEC members and market uncertainty about the ability of the once-mighty cartel to agree.
OIL SOARS AS OPEC AGREES TO CUT OUTPUT
Oil prices surged to one-month highs after OPEC agreed to reduce its output by more than 1 million barrels a day, a cut that many market participants say could be significant enough to push oil supplies below demand levels sooner than expected.
U.S. OIL INVENTORIES FALL, FUEL SUPPLIES JUMP
U.S. crude oil stockpiles unexpectedly fell by 884,000 million barrels for the week ended Nov. 25, while fuel supplies surged, according to a government report released Wednesday.
SOLAR FIRM VERENGO CANCELS AUCTION, SEEKS SALE TO CRIUS ENERGY UNIT
Residential solar systems company Verengo Inc. canceled the bankruptcy auction for its assets after no other bidders stepped forward to challenge a roughly $12 million offer from a unit of Crius Energy LLC.
EPA MOVES TO KEEP TOUGHER FUEL-ECONOMY TARGETS ON CARS
Environmental regulators proposed keeping intact tougher fuel-economy standards, intensifying a debate with car makers in the waning days of the Obama administration.
CSX SEES IMPROVING DEMAND TRENDS, NOTABLY FOR COAL SHIPMENTS
CSX Corp. reported improving demand trends for the current quarter in many of its markets, particularly for coal, which in recent years has seen shipment declines that have hit results across the railroad sector.
EUROPE MAY REWIRE ENERGY POLICY
The European Union's executive set out proposals on Wednesday aimed at moving the bloc toward meeting its climate change goals in an overhaul of rules affecting the power and renewable-energy markets.
FED'S BEIGE BOOK: GROWTH CONTINUED ACROSS MOST OF U.S.
Economic growth has continued across most of the U.S., though some businesses reported uncertainty persisting in the wake of the presidential election, according to a Federal Reserve report released Wednesday.
U.S. STOCKS ON TRACK TO END MONTH WITH GAINS
The Dow Jones Industrial Average rose at the end of a month that included several records and its first close above 19000 on the heels of the U.S. presidential election.
U.S. CONSUMER SPENDING, INCOMES ROSE STEADILY IN OCTOBER
Americans' incomes and household spending advanced at a solid pace for the second straight month in October, suggesting consumers can support economic growth in the year's final months.
CANADA GDP CLIMBS ON ENERGY EXPORTS
Canada's economy expanded in the third quarter, popping up after asteep decline in the previous three-month period, powered by energy exports and household consumption.
SECURITY COUNCIL BROADENS SANCTIONS ON NORTH KOREA
The U.N. Security Council unanimously adopted a sanctions resolution that would reduce North Korea's revenue by about $700 million a year by placing a limit on the amount of coal it can export.
======== DOW JONES NEWSWIRES ANALYSIS AND COMMENTARY ========
OPEC DEAL COULD BUCK TRADITION AND HELP WORLD ECONOMY
Traditional economics says a boost in oil prices is bad for global growth, but higher crude prices stemming from OPEC's production deal could bolster several nations' economies.
OPEC CUT COULD GIVE LIFELINE TO U.S. SHALE PRODUCERS
Struggling U.S. shale producers got a lifeline Wednesday when OPEC agreed to curb oil output, which will likely make it more economically enticing for American drillers to pump additional crude incoming months.
(END) Dow Jones Newswires
November 30, 2016 16:14 ET (21:14 GMT)
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