![]() Oil prices looked for a third straight day of gains after OPEC+ key ministers, known as the joint ministerial monitoring committee, agreed to cut oil output by 2 million barrels per day.īrent crude was last up 0.78 per cent at $92.52 a barrel. The MSCI world equity index, which tracks shares in 45 nations, was down 0.73 per cent. The Dow Jones Industrial Average was down 1.16 per cent in early trading, while the S&P 500 lost 1.5 per cent and the Nasdaq Composite fell 1.87 per cent. All three major US stock indices opened the day lower, erasing some of the strong gains stocks posted in the first two days of the fourth quarter. ![]() US stocks retreated on Wednesday after strong gains earlier in the week, while oil continued to rebound in price as OPEC+ producers recommended major cuts to oil supply.
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