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

Fri Apr 15, 2016 5:05pm EDT
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* Energy shares lead Wall St lower as oil drops

* China economy grows 6.7 pct in Q1 as expected

* Gold posts weekly loss (Updates to U.S. market close)

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 posted weekly gains.

On Wall Street, energy stocks led the market slightly lower as oil fell, and Apple shares also weighed after Nikkei business daily reported Apple will continue its reduced production of iPhones in light of sluggish sales.

The S&P 500, however, posted its seventh positive week in the last nine.

The MSCI index of stocks across the globe hit its highest point of the year on Thursday and emerging market stocks racked up their best weekly gain in six. European shares fell 0.3 percent but posted their largest weekly gain in two months.

On Friday, the Dow Jones industrial average fell 28.97 points, or 0.16 percent, to 17,897.46, the S&P 500 lost 2.05 points, or 0.1 percent, to 2,080.73 and the Nasdaq Composite dropped 7.67 points, or 0.16 percent, to 4,938.22.   Continued...