Oil dips on OPEC output-cut concerns, stocks shaky - News Summed Up

Oil dips on OPEC output-cut concerns, stocks shaky


The dollar recovered some ground, shaking off concerns linked to an investigation that could influence the U.S. presidential election. "Unless OPEC can circle the wagons and get everyone on the same page, the market's going to be skeptical." Lower oil prices weighed on energy shares on Wall Street and in Europe. European equities fell for a sixth straight session, with energy shares tracking weaker crude oil prices and financial stocks losing ground. The dollar index was up 0.08 percent at 98.422.


Source: The Edge Markets October 31, 2016 22:13 UTC



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