Oil Prices Tumble on OPEC Uncertainty Ahead of Meeting Tomorrow

Internal discord could disrupt plans for OPEC nations to cut oil production.
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Internal discord could disrupt plans for OPEC nations to cut oil production. Reuters reports that a meeting of technical experts couldn't resolve difference between Saudi Arabia and Iran and Iraq over the mechanics of implementing output reductions. Oil prices are tumbling as a result. OPEC meets tomorrow in Vienna. Cyber Monday set a record for online sales. Adobe says when all is counted, Cyber Monday will see $3.39 billion in online sales. Cyber Monday sales are on track to edge out Black Friday sales by $50 million. Cyber Monday sales were up 9.4% from last year. President-elect Trump is expected to make more announcements today about his cabinet. Reports say Congressman Tom Price is Trump's pick for Health and Human Services Secretary. Price is an orthopedic surgeon who has introduced bills to dismantle and replace Obamacare.