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Oil worn down by OPEC worries

Nov. 29, 2016 4:50 AM ETUCO, USO, OIL-OLD, DBO, USL, DTO, OLO-OLD, SCO, DNO, BNO, UWTI, DWTI, OILX, OILK, SZOXF, OILBy: Yoel Minkoff, SA News Editor26 Comments
  • Oil prices are giving up some of Monday's gains ahead of the official start of the latest OPEC meeting in Vienna tomorrow.
  • Things are looking increasingly shaky following reports that OPEC's technical experts failed to bridge their differences and Russia confirmed it would not attend the gathering.
  • The group is aiming to agree on its first crude output deal since 2008, however, details of a potential accord remain unclear.
  • Crude futures -1.3% to $46.46/bbl.
  • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, USL, DNO, OLO, SZO, OLEM, OILK, OILX

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