Global Stock Markets Mostly Weaker; Focus On OPEC Meeting Wednesday

(Kitco News) – World equity markets were mostly weaker overnight. U. S. stock indexes are pointed toward weaker openings when the New York day session begins. Traders and investors worldwide are anxiously awaiting the results of this week’s OPEC oil cartel meeting.
Some reckon OPEC may be able to come to a final agreement to cut production, as the cartel reported in September. However, others remain highly doubtful. Reports over the weekend said Iran and Russia now may not be willing to reduce their crude oil production levels. Global stock markets have been extra-sensitive in recent weeks to the daily price movements in crude oil prices. Nymex crude oil futures prices are modestly lower in early U. S. trading Monday.

This post was published at Examiner on November 28, 2016.