Oil prices tumble ahead of Opec meeting, global stocks fall

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Analysts say stocks were dragged lower by increased US-China trade friction. FMTNews Opec

NEW YORK: Oil prices tumbled Friday on expectations Opec next week won’t take aggressive action to boost oil prices, while global equities pulled back on trade war worries.

Equity markets ended lower following a lacklustre session. US bourses pulled back from records in a holiday-shortened session with low trading volumes. The pullback also came as the holiday shopping season got started in earnest with the “Black Friday” promotions after Thanksgiving.

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