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[$$] U.S. Stocks Set to Fall as Oil Slides on OPEC Impasse

U.S. stocks were poised to fall sharply Thursday, as global markets shuddered over the arrest of a top Chinese tech executive and a fresh plunge in oil prices. Oil prices pared some of their earlier losses but Brent crude remained 2.3% lower at $59.76 a barrel, and West Texas Intermediate futures fell 2.5% to $51.57 a barrel, after Saudi Arabia’s oil minister said there had not yet been any agreement made over oil output cuts. Bleak sentiment in the U.S. echoed that in Europe, where the Stoxx Europe 600 index slid 2.2% in early afternoon trading.