Oil

Falling oil prices could hit U.S. oil producers.

It seems to be happy holidays for the American economy, but there is a big risk.

West Texas Intermediate, the U.S. benchmark, jumped nearly $2 on Friday.

OPEC meets on Thursday in Vienna, followed by talks with allies such as Russia on Friday.

An OPEC decision this week to cut production could benefit U.S. shale producers.

OPEC meets on Thursday in Vienna.

Oil prices surge on expectations that Russia and Saudi Arabia will cut output.

China and the United States agreed during a weekend meeting in Argentina of the Group of 20 leading economies not to impose additional trade tariffs for at least 90 days while they hold talks to resolve existing disputes.

Doha, one of OPEC's smallest oil producers but the world's biggest liquefied natural gas (LNG) exporter, is embroiled in a protracted diplomatic row with Saudi Arabia and some other Arab states.

The weight of the global oil markets will fall on the backs of Saudi Arabia.