Correspondent, Toronto, Canada
Alastair's Feed
Nov 27, 2014

TSX energy shares plummet after OPEC holds output

TORONTO, Nov 27 (Reuters) – Canada’s main stock index
declined on Thursday as oil prices plunged after the outcome of
an Organization of the Petroleum Exporting Countries meeting
disappointed investors, dragging down shares of energy
producers.

The OPEC meeting was the market’s focus as it came after
months of depressed oil prices, which have been weighed by
concerns about increasing supply and sluggish demand for the
commodity.

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    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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