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  • *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...

  • 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...

  • On Friday, OPEC decided to keep production near record highs despite depressed prices, as a way to boost market share by forcing rivals to reduce output. Drillers removed 10 oil rigs in the week ended Dec. 4, bringing the total rig count down to 545, the least since June 2010, oil services company Baker Hughes Inc said in its closely followed report.

  • *Average hourly earnings increase 4 cents. *OPEC to continue pumping oil at current rates. The energy index was lower on news that OPEC countries failed to agree on oil production, allowing members to continue pumping oil at current rates into a market that is oversupplied.

  • *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...

  • LONDON, Dec 4- Copper, aluminum and other base metals climbed on Friday as investors bought back short positions after a strong U.S. jobs report that helped to allay fears the world's largest economy has hit a soft patch. A surprise move by OPEC oil producers to maintain production also supported metals because a lower crude price could help the global economy and...

  • VIENNA, Dec 4- OPEC could hold another meeting before June if oil prices continue to slide, Nigerian Minister of State for Petroleum Emmanuel Ibe Kachikwu said on Friday. When asked if there would be a meeting before June 2 if prices continue to fall, Kachikwu said: "Yes, potentially yes. We did say that we'd watch prices. "

  • 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.

  • CRUDE FUTURES, BRENT BENCHMARKS EXTEND LOSSES DURING OPEC PRESS CONFERENCE.

  • TREASURIES-U.S. bond prices rise in volatile session Friday, 4 Dec 2015 | 11:16 AM ET

    *Treasury prices gyrate as market eyes Fed, OPEC. Treasuries fell on Friday, with investors caught between a stronger-than-expected November jobs report that built the case for an interest rate hike and a drop in oil prices after OPEC surprisingly raised its production ceiling. But the market was whipsawed by news from OPEC.

  • SAO PAULO, Dec 4- The Colombian peso underperformed mostly flat Latin American currencies, tracking a decline in oil prices after news that OPEC was planning to maintain its production near record highs. The group decided to increase its collective output ceiling to 31.5 million barrels per day from the previous 30 million, two OPEC sources told Reuters,...

  • However, the OPEC decision triggered a stark turnaround in bond yields, a reversal by the dollar against the euro, and caused U.S. crude to drop through $40 a barrel. "The outcome of the meeting looks bearish- especially in the context of today's nonfarm payrolls report, which gives the Fed the green light to embark on its much-anticipated tightening cycle at this...

  • *OPEC maintains near record output by raising ceiling. NEW YORK, Dec 4- Oil prices fell on Friday after news that OPEC was planning to maintain its production near record highs despite depressed prices, as the producer group continued to seek share of an oversupplied market. Energy company shares, including those of U.S. oil major Exxon Mobil and oil service...

  • 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...

  • *OPEC sets output ceiling at 31.5 mln bpd- sources. Only the energy index was weaker after sources said OPEC would maintain its production outlook in an oversupplied market. Oil prices slumped following the OPEC news.

  • 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...

  • *Sandvik, Whitbread drop after downgrades. LONDON, Dec 4- European shares dropped on Friday, extending losses from the previous session when the ECB's new stimulus measures disappointed some investors, as falling oil stocks adding pressure. Sources said OPEC had agreed to roll over its policy of maintaining crude production to retain market share and also...

  • 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...

  • CRUDE OIL FUTURES FALL $1 A BARREL AFTER OPEC AGREES TO OUTPUT POLICY ROLLOVER.