Oil Falls to 4-Week Low as OPEC Discusses Quotas, Equities Dive
- OPEC panel talks as Iraq says it should be exempt from quotas
- U.S. Stocks Decline After FBI Reopens Clinton Investigation
Crude tumbled to the lowest in almost four weeks as an OPEC committee discussed production targets and U.S. equities dropped after the FBI reopened its investigation into Hillary Clinton’s use of an unauthorized e-mail server.
Futures fell 2.1 percent on Friday. Brazil will attend the Organization of Petroleum Exporting Countries gathering Saturday in Vienna as the bloc that pumps about 40 percent of world output seeks non-member cooperation on curbing production. Brazil will join other exporters from outside the group, including Russia. The S&P 500 Index erased early gains after the Federal Bureau of Investigation said it would review the e-mails case, a politically explosive development less than two weeks before the presidential election.