Tuesday, November 29, 2016

No Grand Bargain

Oil falls again, dragging down dollar

Fears about a possible failure by OPEC to agree on production cuts at its meeting on Wednesday this week has sent the oil price down further after Friday’s sharp losses. It has also seen the dollar tumble, suffering its biggest drop in a month. Bond yields also fell. The market remains chronically oversupplied, and Friday’s 3.5%…