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  • Halliburton and Macy's big market movers Friday, 28 Nov 2014 | 2:09 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Halliburton Co., down $5.14 to $42.20. The energy exploration company and its industry peers saw shares fall after OPEC decided to maintain current levels of production.

  • S&P 500 ends lower as oil slump hits market Friday, 28 Nov 2014 | 1:28 PM ET

    NEW YORK— U.S. stocks are ending mostly lower as falling crude prices weigh on the market in a holiday-shortened session. Market players were focused on Thursday's decision by the OPEC oil cartel to keep crude production at 30 million barrels a day despite global oversupply. Benchmark U.S. oil slid 9 percent to $67.14.

  • NEW YORK, Nov 28- Crude oil tumbled on Friday, knocking down both energy-related shares and currencies after OPEC's decision a day earlier not to cut output reinforced prospects of a worldwide oil supply glut. A rout in U.S. and European energy shares weighed on equity markets but other sectors edged higher, lifting Wall Street's Dow industrials and the Nasdaq,...

  • NEW YORK, Nov 28- Activity in the options on the Energy Select Sector SPDR Exchange-Traded Fund exploded on Friday as traders who had bet on a drop in the ETF scrambled to book hefty profits a day after OPEC decided not to cut oil output. The energy ETF, which has shed about a fifth of its value over the last three months, was down 6 percent at $79.82 on Friday, reacting to...

  • *U.S. crude weakest since May 2010, may test 5- year low below $60. Traders said if WTI takes out the May 2010 low of $64.24, it could technically be headed for a test below $60, toward the low of $58.32 set on July 2009. "There's a notion that yesterday's selling was overdone, but not everyone is fully back to work yet after Thanksgiving," said John Kilduff, partner at energy...

  • *OPEC decision not to cut output weighs on Nigeria unit. LAGOS, Nov 28- Nigeria's naira fell 2.5 percent on Friday, despite central bank intervention, and it briefly touched a record low on concerns OPEC's decision not to cut oil output would put further pressure on Nigeria's shaky finances. The central bank has struggled to keep the naira within its preferred band...

  • NEW YORK, Nov 28- U.S. energy shares saw heavy pressure on Friday as crude oil tumbled to a multi-year low, though consumer stocks lifted broader indexes in a quiet, holiday-shortened session. Crude plunged 6.5 percent to $69.38 per barrel a day after OPEC decided not to cut output, which could leave markets oversupplied. "Crude seems to have no floor right now, and we...

  • LONDON, Nov 28- The main bet that oil speculators are making for the first few months of next year is that a barrel of Brent crude will fall to $65, according to options market data. Speculators increased these positions before the OPEC meeting in Vienna this week, as expectations rose that it would not cut production- which turned out to be correct.

  • NEW YORK, Nov 28- Long-dated U.S. Brent crude touched a four-year closing low on Thursday, when Saudi Arabia blocked calls from poorer members of the OPEC oil cartel to cut production to stem a slide in global prices. "Global disinflationary factors continue to dominate market moves," said Shyam Rajan, U.S. rates strategist at Bank of America Merrill Lynch in New York.

  • LONDON/ MILAN, Nov 28- Falling crude oil prices may boost European demand for oil-indexed gas next year, such as pipeline gas from Russia, when its price is likely to fall below spot prices. Brent crude oil fell to an intraday four-year low of $71.12 a barrel on Friday, the day after OPEC decided not to cut supply, which dragged down other energy prices.

  • *Brent crude rebounds after OPEC, but U.S. crude falls further. *Dollar mostly strengthens on OPEC decision, bond yields fall. NEW YORK, Nov 28- Brent crude touched fresh four-year lows on Friday, knocking down both energy-related shares and currencies after OPEC's decision a day earlier not to cut output reinforced prospects of an oil supply glut around the world.

  • NEW YORK, Nov 28- U.S. stocks were little changed on Friday, with major indexes on track for a sixth straight weekly advance in a holiday-shortened session, though energy shares saw heavy pressure as crude oil tumbled to a four-year low. Crude plunged 5.9 percent to $69.38 per barrel a day after OPEC decided not to cut output, which could leave markets oversupplied.

  • How OPEC works     Friday, 28 Nov 2014 | 9:48 AM ET

    A quick, entertaining explainer on how the cartel affects -- or tries to affect -- the price of oil.

  • NEW YORK, Nov 28- The S&P 500 opened slightly lower on Friday, weighed by energy shares as U.S. crude fell nearly 6 percent after OPEC decided against cutting output. The Dow Jones industrial average rose 22.64 points, or 0.13 percent, to 17,850.39, the S&P 500 lost 4.02 points, or 0.19 percent, to 2,068.81 and the Nasdaq Composite added 6.17 points, or 0.13 percent, to...

  • US stock market opens mixed as oil tumbles Friday, 28 Nov 2014 | 9:40 AM ET

    NEW YORK— U.S. stocks are opening mixed as tumbling oil prices weigh on energy shares but give a lift to airlines and delivery companies. Market players were focused on Thursday's decision by the OPEC oil cartel to keep crude production at 30 million barrels a day despite global oversupply. Benchmark U.S. oil slid 6 percent to $69.41.

  • LONDON, Nov 28- Gold fell more than 1 percent on Friday to head for its first weekly drop in four on the back of sharply lower oil prices and dollar strength, though traders remained cautious ahead of a referendum on Swiss bullion reserves this weekend. Oil prices posted their sharpest losses since 2011 on Thursday after OPEC refrained from cutting its output...

  • TRIPOLI, Nov 28- Libya's self-proclaimed prime minister has warned that attempts by a rival government in the east to assert control over the oil industry could escalate the political conflict dividing the OPEC member state and force it to break in two. Libya has had two governments competing for power since August when a group called Operation Libya Dawn,...

  • OPEC's oil fallout     Friday, 28 Nov 2014 | 8:17 AM ET

    Discussing how OPEC's decision to leave production at current levels will likely impact U.S. shale prices, with Kevin Brook, Clearview Energy Partners.

  • What's OPEC's post game?     Friday, 28 Nov 2014 | 8:01 AM ET

    CNBC's Steve Sedgwick has an update on OPEC's decision to keep current oil production levels.

  • Plunging crude prices hammer energy companies Friday, 28 Nov 2014 | 7:36 AM ET

    NEW YORK— A decision by OPEC this week to maintain current levels of oil production is hammering major energy companies in the U.S. and abroad. OPEC announced Thursday that it would not cut production in hopes of hurting producers in the U.S. and elsewhere that have been flooding the market with crude and natural gas. Shares of large energy companies including...