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  • RIYADH, Dec 10- Opponents of Syria's President Bashar al-Assad agreed on Thursday to bring together political and armed factions in a single body in preparation for possible peace talks with his government, an opposition member said. The opposition meeting in Riyadh comes amid escalating conflict in Syria and accelerated diplomacy to find a political...

  • RIYADH, Dec 10- Syrian opposition and rebel groups meeting in Riyadh will on Thursday discuss forming a delegation for future peace talks, one of the toughest subjects in negotiations aimed at forging a unified position among President Bashar al-Assad's enemies. Attacks by Islamic State and its supporters in the Middle East, Europe and the U.S., a surge of...

  • *Oil drops after OPEC maintains output despite oversupply. NEW YORK, Dec 4- Stocks on Wall Street jumped on Friday after strong jobs data made it almost certain the Federal Reserve would raise interest rates in two weeks, while a surprise move by major oil exporters to keep pumping near-record output pushed crude prices down. We cleared the last hurdle for a rate...

  • NEW YORK, Dec 4- Stocks on Wall Street jumped on Friday after strong jobs data made it almost certain the Federal Reserve would raise interest rates in two weeks, while a surprise move by major oil exporters to keep pumping near-record volumes pushed crude prices down. The U.S. economy created 211,000 jobs in November, the U.S. Labor Department said.

  • Dec 4- Shares of U.S. shale oil producers tumbled on Friday after OPEC failed to agree on a unified output cap, effectively letting its 13 members pump at will in a step likely to further depress prices and advance the group's aim of squeezing out U.S. rivals. OPEC ministers ended their policy meeting in Vienna on a discordant note, unable to decide as a group how much...

  • *Sandvik, Whitbread drop after downgrades. LONDON, Dec 4- European shares ended lower on Friday, extending losses from the previous session when the European Central Bank's new stimulus measures disappointed some investors, with oil stocks leading the fall. A meeting of OPEC members in Vienna failed to agree an oil production ceiling, even as a global glut has...

  • VIENNA, Dec 4- OPEC members failed to agree an oil production ceiling on Friday at a meeting that ended in acrimony, after Iran said it would not consider any production curbs until it restores output scaled back for years under Western sanctions. OPEC's secretary general Abdullah al-Badri said the body could not agree on any figures because it could not predict...

  • LONDON, Dec 4- An OPEC meeting in Vienna appeared to have ended up with no decision as ministers left the room without making a comment and two OPEC soucres said no deal has been reached. "We have no agreement," one source said. Another source said the final statement made no mention of a production ceiling.

  • VIENNA, Dec 4- OPEC maintained its policy of pumping near-record volumes of oil at a meeting on Friday, according to sources at the group, taking no steps to reduce one of the worst crude gluts in history which has driven down prices. The group, which produces a third of global oil, decided to increase its collective output ceiling to 31.5 million barrels per day from...

  • VIENNA, Dec 4- OPEC maintained its policy of pumping near-record volumes of oil at a meeting on Friday, according to sources at the group, taking no steps to reduce one of the worst crude gluts in history which has driven down prices. The group, which produces a third of global oil, decided to increase its collective output ceiling to 31.5 million barrels per day from...

  • LONDON, Dec 4- Oil prices fell on Friday after sources said OPEC had agreed to roll over its policy of maintaining crude production in order to retain market share and raise its output ceiling. OPEC sources said it had agreed to raise its output ceiling to 31.5 million bpd at its meeting in Vienna, in what appeared to be an effective acknowledgement of existing...

  • Dec 4- U.S. stock index futures were higher on Friday ahead of jobs data that will feed into the Federal Reserve's decision to hike interest rates this month, and any decision from an OPEC meeting about oil output. *The Labor Department's closely watched November jobs report will be released at 8:30 a.m. ET and is expected to show that U.S. job growth likely...

  • *U.S. payrolls data, OPEC meeting add note of caution. LONDON, Dec 4- The gap between 10- year U.S. and German bond yields narrowed to its tightest in about a month on Friday, as investors bet that a divergence in monetary policy between the ECB and U.S. Euro zone bond yields have fallen sharply in recent weeks on talk of further stimulus from the European Central Bank, at a...

  • *OPEC widely expected to maintain output. LONDON, Dec 4- Crude oil prices rose on Friday as OPEC ministers met in Vienna, while the dollar hovered near one-month lows a day after staging its largest one-day fall in nearly seven years. OPEC was not expected to change its unchanged output policy, but nervousness among traders and investors ran high.

  • *Iran expects OPEC to maintain policy. VIENNA, Dec 4- OPEC looked unlikely to take steps to cut oil production to lift languishing prices at a meeting on Friday, potentially worsening one of the worst crude gluts in history. The Saudis have previously said they would be prepared to consider a cut only if OPEC members Iraq and Iran agreed to cooperate and non- OPEC...

  • VIENNA, Dec 4- OPEC looked set to maintain its production policies on Friday and take no steps to curb supply going into 2016 when members Iran and Iraq will boost exports, potentially worsening one of the worst oil gluts in history. Benchmark Brent oil futures are below $45 per barrel, just a few dollars off their 6- year lows, and OPEC's own basket of crude grades is...

  • *OPEC widely expected to maintain output. LONDON, Dec 4- Crude oil prices rose in volatile trade on Friday as OPEC ministers prepared to start a Vienna meeting which Iran's oil minister said would stick with a policy of maintaining output unchecked, in line with market expectations. "It is likely there will be some knee-jerk reaction to prices post the OPEC meeting,"...

  • *Markets awaiting U.S. payrolls, OPEC meeting. LONDON, Dec 4- There was no respite on Friday for investors still reeling from the disappointment of the European Central Bank's stimulus package the day before, as they geared up for the latest U.S. employment data and a key OPEC meeting of oil producers. "Investors paid the price of an ECB President who over-promised in...

  • UPDATE 3-Crude oil prices choppy ahead of OPEC meet Friday, 4 Dec 2015 | 3:15 AM ET

    *OPEC widely expected to maintain output. SINGAPORE, Dec 4- Crude oil prices were choppy ahead of an OPEC meeting in Vienna, although traders largely expect the group to stick to its policy of maintaining high output. "Everyone is waiting on what OPEC is going to do," said Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance.

  • Three OPEC delegates and sources said the group would maintain output without changing the current ceiling of 30 million barrels per day, sticking with its plan to defend market share rather than shore up prices at near seven-year lows. They said they saw little chance of Saudi Arabia making a formal proposal for OPEC output cuts, contingent on joint action...