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.
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, email@example.com
(END) Dow Jones Newswires
November 27, 2017 17:38 ET (22:38 GMT)