Comment on Bloomberg briefing, Nov. 27

Bloomberg briefing, Nov. 27

OPEC meets Thursday in Vienna to try to hammer out a deal on oil prices, which have fallen 32 percent since June. Most members of the 12-nation cartel want to limit production and raise prices. Saudi Arabia, the biggest oil exporter, failed to agree this week on a plan with non-members Russia and Mexico to curb output. The Saudi oil minister says the market “will stabilize itself,” perhaps at a price low enough to discourage U.S.

 

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