GLOBAL MARKETS-Oil down ahead of producer meeting; dollar slips

Fri Apr 15, 2016 3:09pm EDT
 
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* Caution ahead of oil producers' meeting caps stocks

* China economy grows 6.7 pct in Q1 as expected

* Shares steady after 2.5 pct weekly rise, at 2016 highs

* Oil dips ahead of Doha producers' meeting (Updates prices, adds comment)

By Rodrigo Campos

NEW YORK, April 15 (Reuters) - Crude oil prices fell on Friday ahead of a weekend meeting that could yield an output freeze by major producers, while the U.S. dollar and stocks across the globe edged lower but were set to post weekly gains.

Indexes were slightly lower on Wall Street but the S&P 500 was set to close its seventh positive week in the last nine.

The U.S. dollar index fell as traders cashed in after three days of gains and was weighed further by data showing U.S. industrial production fell more than expected in March and consumer sentiment missed expectations.

Both the MSCI index of stocks across the globe and the S&P 500 hit their highest points of the year this week and emerging market stocks racked up their best weekly gain in six. European shares fell 0.4 percent but were on track to post their largest weekly gain in two months.   Continued...