OPEC

The Dow and S&P 500 dropped Monday as the energy sector tumbled after Morgan Stanley slashed its forecast for Brent crude.

Lower crude oil prices are good for U.S. consumers and bad for oil services firms as well as some oil-producing nations.

Warnings over further economic turmoil in Venezuela are becoming louder after OPEC declined to cut oil production last week.

Prices at the pump are expected to remain low as OPEC maintains its current level of production.

A price war would hurt top non-OPEC exporter Russia, which has clashed with Saudi Arabia over Moscow's support for Syrian President Bashar Assad.

Some fund analysts have said that oil prices could slide to $60 per barrel if OPEC does not agree to a significant output cut.

OPEC may be forced to pull back on production to keep oil prices from sinking lower.

OPEC's meeting on Thursday will be one of the most crucial in recent years, with oil prices having tumbled some 30 percent since June.

Fund managers are divided over whether OPEC will reach an agreement on cutting output.

A key gauge the Fed uses to measure inflation remained unchanged in October, as gasoline fell for the fourth month in a row.

Goldman's projections contrast with those of oil analyst Paul Horsnell, known for having called the market's long rally a decade ago.

The International Energy Agency cut its oil demand growth forecast for 2015.

Fears of a Venezuelan default are rising as an oil price fall squeezes the government's main income source.

American consumers may have a bit more money to spend this holiday season if oil prices continue their slide.

Saudi Arabia is quietly telling the oil market it would be comfortable with far lower prices for an extended time, a sharp policy shift possibly aimed at slowing the expansion of rivals, Reuters wrote in an exclusive report.

Weaker-than-expected consumption in Europe and China, coupled with a global supply glut, is depressing crude oil prices.

U.S. oil prices slid the most in 17 months on Tuesday, with international oil prices close behind.

Libya's acting Prime Minister Abdullah al-Thinni said the government had reached a deal with a rebel leader controlling oil ports to hand over the last two terminals and end a blockade.

Traders are betting that Iraq's oil production will fall and disrupt the market.

The North American shale boom will spread to Russia and Latin America next, the International Energy Agency expects.

U.S. retail gasoline prices will likely climb 5 cents to 10 cents and stay up for the summer.