Crude oil down over seven million barrels

CNBC's Jackie DeAngelis reports on oil inventories while awaiting announcements from the OPEC meeting.

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Moneywatch: OPEC cutting oil output, ibuprofen recalled, Target pays up. Oil-producing countries reach a deal to prop up oil prices and some infant ibuprofen products are being recalled for containing an overly high dose. These headlines and more from CBS MoneyWatch. >>

Oil dips amid stock market slide, traders await OPEC meeting. Oil prices dipped on Thursday as stock markets slid and as traders eyed an OPEC meeting expected to result in a supply cut aimed at draining a glut that has pulled down crude by 30 percent since October. >>

Oil dives 4 percent after OPEC delays output decision. Oil fell more than 4 percent in choppy trading on Thursday after OPEC and allied exporting countries ended a meeting without announcing a decision to cut crude output, and prepared to debate the matter the next day. >>

Oil edges lower ahead of OPEC meeting. Oil prices dipped on Wednesday ahead of a meeting of the world's biggest exporters, who will discuss cutting output to help shore up prices and curb excess supply. >>

Oil falls after OPEC delays output decision. Oil fell in choppy trading on Thursday after OPEC ended a key meeting having made no decision on crude output, as it prepared to debate the matter with other exporters the next day. >>

Oil falls amid stock market slide, but market eyes OPEC meeting. Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October. >>

Oil loses 3 percent in volatile trade as OPEC meets. Oil tumbled in a volatile session on Thursday after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stock markets. >>

Oil prices dip as stock markets slide, but trading tepid ahead of OPEC meeting. Oil prices slipped along with weak stock markets on Thursday, ahead of a meeting by producer group OPEC that is expected to result in a crude supply cut. >>

Oil prices ease in cautious trading ahead of OPEC meeting. Oil prices dipped on Thursday in tepid trading ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October. >>

Oil prices sag on weak stock markets, but traders keep eye on OPEC meeting. Oil prices fell on Thursday as stock markets slid, but trading was tepid in the countdown to an OPEC-meeting expected to result in a supply cut aimed at draining a glut that has pulled down crude by 30 percent since October. >>

Oil should expect to see weak demand in 2019, says expert. Sadad I. Al Husseini, founder of Husseini Energy and former executive vice president of Upstream, calls into 'Squawk Alley' to speak on the ongoing OPEC meeting. >>

Oil tumbles 5 percent after OPEC hints at smaller output cut. Oil lost nearly 5 percent on Thursday, after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stocks. >>

OPEC agrees oil output cut, no final figure yet: delegate. OPEC agreed on Thursday a tentative deal to cut oil output but has not yet come up with a final figure, an OPEC delegate said. >>

OPEC members expected to agree cut in crude production. OPEC members are meeting to agree on their response to recent declines in oil prices, with analysts predicting a cut in production of at least 1 million barrels per day. >>

OPEC still plays an important role balancing the market, analyst says. Jason Bordoff, professor at Center on Global Energy Policy discusses the role of OPEC and whether the oil cartel will agree to cut supply levels. >>

OPEC will cut oil production. The question is by how much. OPEC is discussing how much oil it should remove from world markets following a price crash in recent months. >>

Time to buy oil? 4 trades. The "Fast Money" traders give you 4 buys in oil ahead of tomorrow's big OPEC meeting. >>

CNBC: Crude oil down over seven million barrels

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