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VCSC Daily - Oil and Gas sank followed OPEC's output announcement - SCIC- MWG

Oil prices dropped on Monday after OPEC reported that their September output reached a three year high. In response, PVD and PVT along with sector leader GAS were all down more than 2% today and accounted for most of today’s losses. This development along with a slight technical correction in bank stocks sent the market down 1 point to close at 590.8 point.