29-11-2016 08:52 via uk.news.yahoo.com

Oil prices fall as Russia says will not attend OPEC meeting

By Henning Gloystein SINGAPORE (Reuters) - Oil prices fell over 1 percent on Tuesday on market jitters over whether producer cartel OPEC would be able to hammer out a meaningful output cut during a meeting on Wednesday, aimed at reining in a global supply overhang and propping up prices. Non-OPEC oil production giant Russia confirmed on Tuesday that it would not attend the OPEC gathering, but added that a meeting between the group and non-affiliated producers at a later stage was possible. The O
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