Time since 2002. We break that data in under 30 minutes times. Lets look at stocks. They rally after the u. K. Supermarket oust. German rival metro beating expectations on its consumer electronic division. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. All right. Oil continues to dominate the investigator discussion. Oil taking another leg down with wti and brent both slumping around 2 . Near a six year row. The iranian president delivered a fresh warning saying the dramatic drop in prices not only hurts iran but other producers including saudi arabia and kuwait. They defended the decision saying prices would stabilize at profitable levels. He also said the organization had no plans to meet before the next scheduled meeting in june. You can take a look at shares right now of oil trading down about 3 in todays trade. Indeed and the dramatic sell off comes as china reported record crude imports next month. China also posted a better than forecast ris
The food Group Warning it could miss targets again this year well be speaking to the ceo in just over an hour. And italys Prime Minister fights for his political future. A challenge from within his own party destabilizing the countrys Coalition Government. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. And warm welcome to the show. Well be out with jules in rome in just a few seconds. First of all, lets get the latest on the ias incident every national report, the International Energy agency. Theres bitterly cold weather pushed up demand for heating fuels. Total oecd industry stocks plummeted by a further 66 million barrel necessary december. Global supplies are falling to 92. 1 Million Barrels a day on lower nonopec output in january. Supply from opec rose marginally in january. Growth rebounded the second half of 2013, but nonoecd countries still accounted for more than 90 of Global Growth of 1. 2 Million Barrels a day as a whole. Thats
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The price of oil is going up as the Russian invasion of Ukraine continues and the price of a gallon of gas could quickly approach $4, but not if one particular variable comes to pass
The price of oil is going up as the Russian invasion of Ukraine continues and the price of a gallon of gas could quickly approach $4, but not if one particular variable comes to pass