Shares of energy producers fell alongside oil futures as traders hedged their bets ahead of a key meeting of the Organization of the Petroleum Exporting Countries.
Bets OPEC would extend a production deal drove futures to a more than two-year high last week, but uncertainty about cooperation between OPEC and Russia tempered investors' enthusiasm Monday, said Harry Tchilinguirian, head of commodity markets strategy at BNP Paribas.
Continue Reading Below
Exploration-and-production company SandRidge Energy adopted a so-called poison pill that would make it more difficult for activist investor Carl Icahn, who recently disclosed a 13.5% stake the company, to increase his stake as he pushes against a plan to buy rival Bonanza Creek Energy.
Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
November 27, 2017 17:38 ET (22:38 GMT)