Matter what the cost. In the inside business, insight information is not a crime. Out optimismngs and skepticism. I think the pressure in saudi arabia in recent months has grown. It is a twoway street and not clearcut. It is a little bit to start celebrating an agreement. Better time to change the world. It is straight ahead on bloomberg best world. Welcome. I am caroline hyde. This is bloomberg best, the weekly review of the most Important News analysis from Bloomberg Television around the world. The week began with oil reports and reports of an agreement that could help the market recover its balance. The World Energy Congress getting out of billion in instanbul today. Reports of an agreement that could help the market recover its balance. Brent near a oneyear high. Russian president Vladimir Putin says he is willing to consider freezing or even cutting oil out with cooperation with opec. Putin underscoring they are willing to join an output limit with opec, saying they were hoping o
In the inside business, insight information is not a crime. Oil accord rings out optimism and skepticism. I think the pressure in saudi arabia in recent months has grown. It is a twoway street and not clearcut. It is a little bit to start celebrating an agreement. It is straight ahead on bloomberg best. It is a littlt celebrating an agreement. Welcome. I am caroline hyde. This is bloomberg best, the weekly review of the most Important News analysis from Bloomberg Television around the world. The week began with oil reports and reports of an agreement that could help the market recover its balance. The World Energy Congress getting out of billion in in instanbul today. Reports of an agreement that could help the market recover its balance. Brent near a oneyear high. Russian president Vladimir Putin says he is willing to consider freezing or even cutting oil out with cooperation with opec. Putin underscoring they are willing to join an output limit with opec, saying they were hoping opec
In the inside business, insight information is not a crime. Oil accord rings out optimism and skepticism. I think the pressure in saudi arabia in recent months has grown. It is a twoway street and not clearcut. It is a little bit to start celebrating an agreement. It is straight ahead on bloomberg best. It is a littlt celebrating an agreement. Welcome. I am caroline hyde. This is bloomberg best, the weekly review of the most Important News analysis from Bloomberg Television around the world. The week began with oil reports and reports of an agreement that could help the market recover its balance. The World Energy Congress getting out of billion in in instanbul today. Reports of an agreement that could help the market recover its balance. Brent near a oneyear high. Russian president Vladimir Putin says he is willing to consider freezing or even cutting oil out with cooperation with opec. Putin underscoring they are willing to join an output limit with opec, saying they were hoping opec
Fallout from that not only in the oil specific market. Recent slide. It has to do with the crude Oil Inventories number. I looked at the chart. Take a look. This is the weekly change. To taken all the way back 1982. Just a few weeks after we had the biggest draw down on record this is the biggest billed by number of barrels we have seen on record. In percentage terms the week over week change of 3 is the biggest we have seen since 2008. Fairly unprecedented. It comes a time when the oil market is already fragile. Have already seen a pullback that is insignificant. 13 , 12. 5 in the past two weeks alone. Than six dollars being taken off the price of wti already. This doesnt just have an impact on oil markets. It also has repercussions for equities as well. U. S. Averages at their lows of the session. It has to do with energy stocks. Energy shares down by 2 . Thats the worst performing group in the s p 500 now. Utilities, financials and Telecom Services are selling off today. Talking abo
Trading day. The Market Action is fairly mixed. It has been choppy. Green out of the gate to negative, back up and down and right now, the s p 500 is down by about 1 10 of 1 . We are off our session highs as well. The nasdaq is up just a tad there after what is happening with google. Hop into my terminal and i want to show you the function and you can see just how mixed we are right now. We did see a couple of these sectors turning to the green. The red. Re was in utilities down by 1. 9 . Real estate also down. These sectors are dependent on what happens with Interest Rates , also the chances of Interest Rate movement. Because of that, these are definitely seeing a fall. The financials are of the most by a tenths of a percent. In terms of choppiness of the day, out of the gates, here we are. Because of the rising probability of Interest Rates fund ou folly are fed follow your fed fund future. Unds, we are in the middle lets look at what is happening in terms of loan stock. These shares