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Oil Tumbles As OPEC Deal Seen Increasingly Unlikely: SBC Says "Very Low Chance" Of Agreement

11/29/2016 - 8:06am By: Zero Hedge

One day ahead of OPEC's much anticipated meeting in Vienna, oil has slid back under $46 on rising pessimism that an oil production cut deal, taken widely for granted as recently as last week, is not going to take place.
Here is the latest rundown of events heading into the Wednesday meeting.
As Bloomberg highlights, Russia’s absence from discussions in Vienna is creating complications for OPEC members that insist on participation of non-members in supply cutbacks with one day to go before OPEC ministers meet...

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