At 9:15 a.m. ET futures are ever so slightly higher and the price of oil per barrel is up. The market is poised to open slightly higher.
The oil talks in Algeria appear to be ending as everyone predicted, with nothing on the table about limiting oil supplies. The can was kicked down the road to November.
CNN: China IPO flop; big day for takeovers; oil still in the spotlight by Alanna Petroff
Hopes for an agreement to freeze production in an effort to boost prices faded on Tuesday. Saudi Arabia said a deal may be possible by November, but key details still need to be worked out. U.S. crude futures were up 0.4% after slumping Tuesday at about $45 a barrel.
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