While you were sleeping: Oil gains, stocks slip

Thu, 22 Dec 2016

By Margreet Dietz Dec. 23 (BusinessDesk) - Equities on both sides of the Atlantic slipped, as did the US dollar, while oil moved higher amid optimism that producers will start easing output, as agreed, next month. "The announcements coming from Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Iraq, and Russia are all encouraging signs that they will abide by the cut and hopefully other countries will follow suit," OPEC member Kuwait's oil minister Essam Abdul Mohsen Al-Marzouq told reporters, according to Reuters. Wall Street, tr...

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