While you were sleeping: Oil slides on stalemate

Tue, 29 Nov 2016

By Margreet Dietz Nov. 30 (BusinessDesk) - Energy stocks fell with oil prices amid a stalemate about an agreement to cut production by the world’s biggest producers. Meanwhile, Wall Street advanced, pushing the Nasdaq to a record high, amid optimism about the US economy. A Commerce Department report showed gross domestic product expanded at a better-than-expected 3.2 percent annual pace in the third quarter, up from a previously estimated 2.9 percent, and accelerating from a 1.4 percent rate in the second quarter. “Growth is going to...

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