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Added on the 04/12/2015 16:46:34 - Copyright : Reuters EN
OPEC ministers are bracing for a stormy meeting in Vienna Friday where they will discuss a Saudi proposal to hike oil output despite fierce resistance from Iran, setting the stage for a showdown between the arch foes. 1ST IMAGES
Oil has fallen back from one-year highs, knocked by concern that a production cut by the world's largest exporters might not be enough to erode a two-year old global surplus of unwanted crude oil. Hayley Platt reports
OPEC members failed to agree an oil production ceiling at their Vienna meeting, apparently allowing member countries to continue pumping oil at current rates into an oversupplied market. David Pollard reports.
Employers added 271,000 jobs in October and the unemployment rate fell to 5 percent. The solid report increases the chance for a Fed rate hike. Shartia Brantley reports.
The U.S. labor market continues to improve. Employers added 215,000 jobs in July which widens the door for a September interest rate hike by the Fed. Shartia Brantley reports.
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