MW: Crude falls on speculation OPEC won't cut production
By Moming Zhou
NEW YORK (MarketWatch) -- Crude-oil futures fell Friday on speculation that the Organization of Petroleum Exporting Countries won't cut its production at Saturday's meeting. Crude for December delivery fell 73 cents, or 1.3%, to $53.71 a barrel in early electronic trading. OPEC has not ruled out cutting output at the meeting, but several delegates have said they were likely to only measure compliance of previous cuts and leave the decision on cuts till December.
