Choppy December market | Impeachment proceeds | US vs. Evil Corp.

Oil prices have been bouncing around all day as OPEC's latest meeting runs into the night.

VIEW IN BROWSER | SUBSCRIBE THU, DEC 05, 2019 EVENING BRIEF AS OF THU, DEC 05, 2019 • 04:01 ET DJIA 27679.21 +0.11% +29.43 S&P 500 3117.63 +0.16% +4.87 NASDAQ 8570.70 +0.05% +4.03   Most Active DOW NAME LAST CHG %CHG CSCO 43.52 -0.37 -0.84% AAPL 265.58 +3.84 +1.47% INTC 56.08 +0.06 +0.11% S&P 500 NAME LAST CHG %CHG GE 10.79 -0.11 -1.01% BAC 33.09 +0.12 +0.36% AMD 39.62 -0.07 -0.18% NASDAQ NAME LAST CHG %CHG AMD 39.62 -0.07 -0.18% CSCO 43.52 -0.37 -0.84% CMCSA 44.04 +0.53 +1.22% EDITOR'S NOTE OPEC and its allies have long struggled to keep their production cut agreements and support oil prices, hence the U.S. shale revolution and the nation's new status as a net energy exporter.   On Thursday, OPEC and its allies including Russia were meeting in Vienna and said to be discussing a larger-than-expected output cut for the first quarter of 2020.   Oil prices whipsawed on the news, CNBC's Pippa Stevens reports. There was still no announcement as the afternoon wore into the evening in Vienna.   Whatever the cartel decides, it's success may be limited because the world remains awash in oil and gas. This is why crude prices have not been able to find a predictable direction.   OPEC's meeting came as Saudi Arabian Oil Co., or Saudi Aramco, priced its initial public offering at a level that values the whole company at $1.7 trillion. After the IPO, Aramco will be the world's largest company and among the risks it may continue facing are weak demand and sliding oil prices.   Stocks were little changed Thursday, also swinging between gains and losses, but generally holding firm below their record highs.   "On balance, U.S. equities appear to be in pause mode and for good reason," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. "Performance this year has been superb, balanced and broad based."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Stocks close little changed after choppy start to December Oil whipsaws in choppy trade as Street awaits OPEC output decision Saudi Aramco prices shares at top of the range, valuing it at $1.7 trillion Pelosi directs House Democrats to proceed with articles of impeachment against Trump 'Evil Corp': Feds charge Russians in massive $100 million bank hacking scheme Elizabeth Warren is preparing a plan to ban mega mergers, allow gig workers to unionize This ETF should tell you if Elizabeth Warren has a chance in 2020 or not GM, LG Chem to create $2.3 billion battery cell venture for electric vehicles, to create 1,100 jobs in Ohio United's Oscar Munoz to step down as CEO, President Scott Kirby will take over Biogen's stock rises 4% after company releases new data on late-stage Alzheimer's drug     TOP VIDEO SoulCycle co-founder Ruth Zukerman on Peloton's holiday ad controversy   CNBC PRO Citi raises Apple price target on strong holiday demand for wearables like AirPods, Apple Watch   SPECIAL REPORTS Stocks are at risk of a 10% drop, but this sector is a 'win-win' either way, strategist says Union Pacific could help the transports rally kick into gear   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS