14-11-2016 11:23 via uk.news.yahoo.com

Oil pinned near three-month lows as gloom grows over OPEC

By Amanda Cooper LONDON (Reuters) - Oil held steady around three-month lows on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. Donald Trump's surprise victory in last week's U.S. presidential election has boosted stocks and the dollar, but undermined much of the commodities complex, including oil, which has sagged as expectations that the world's largest exporters will agree to reduce output this month have wan
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