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US: Stocks open lower as oil prices fall

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[BENGALURU] Wall Street opened lower on Monday as oil prices touched their lowest in nearly seven years after Opec's meeting ended in disagreement over production cuts and without a reference to its output ceiling.

The Dow Jones industrial average fell 36.64 points, or 0.21 per cent, to 17,810.99, the S&P 500 lost 4.58 points, or 0.22 per cent, to 2,087.11 and the Nasdaq composite dropped 2.78 points, or 0.05 per cent, to 5,139.49.

REUTERS