after the world s largest exporters announced surprise cuts in production. saudi arabia and other opec plus oil producers announce output cuts of about 1.1 million barrels a day. saudi arabia said the move was aimed at stabilising the market. let s take a look now at oil prices. quite like you get a sense of that rise up sharply. it is the second time that the cartel has slashed production. the group also did so in october of last year, cutting output by 2 million barrels per day. let s discuss this in more detail with spencher welch, oil analyst at s&p global. we said there are a surprise cut in production. we have in getting used to prices falling as the nervousness around the world economy continues. what does this tell us about what