All Eyes on OPEC With Fate of Worst-Performing Stocks Up to Putin
- Russia’s stance at Nov. 30 meeting could be a dealbreaker
- MSCI World Energy Index is biggest laggard globally in 2017
Putin Emerges as OPEC's Most Influential Player
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The immediate future of the world’s worst-performing equity sector hinges on a Nov. 30 meeting of major oil producers, where Russia’s stance on the extension of production cuts could be a dealbreaker.
Even after a recent jump in the oil price helped the MSCI World Energy Index curb some of this year’s losses, it’s still the biggest laggard globally with a retreat of 3.6 percent as investors have fretted about the commodity’s outlook.