Oil report Headlines

Oil markets tepid ahead of OPEC meeting at month-end

Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at propping up prices.

German coalition talks break down after FDP pulls out

Talks among four German parties seeking to form a coalition government after an election that weakened Chancellor Angela Merkel broke down on Sunday after the pro-business Free Democrats (FDP) pulled out, citing irreconcilable differences.