From london. Im francine lacqua. We are getting news from the i. E. A. Theyre talking about supply and demand and the price of oil. They think price of oil may have bottomed. It was only a couple weeks ago we heard russia and saudi arabia agreeing that they will not put siad they would not add production. Opec output has fallen. They say, the headline out of this is that the oil price, they believe, may have bottomed as high cost producers have been shut out of the markets. Lets check in on the markets. Its all to do with what draghi said yesterday. Banks leading the charge. The european stocks still retain some of their strength, 17 . 7 . That crude is still a little bit higher for brent. I. E. A. Saying that Oil Prices May have bottomed. Lets get straight to bloomberg first word news. Yuan has henshore raced its decline for the year after the central bank raised its reference rate by the most in four months. The australian and new Zealand Banking Group putting it down to and dollar d