Around the globe, and the white house has turned a blind eye, especially the last year or two because its been trying to smooth relations between iran and the western world. But now if the white house decides to enforce those sanctions, that means supply from iran would be cut off and coming at a time when oil supplies have been tightening because saudi arabia and russia, the two largest exporters of oil in the world, who are also part of 0pec , have collectively been reducing 1. 3 Million Barrels of oil per day since july and there is a good chance it may continue next year as well. So if this happens there will be a scenario where there will be less oil supply, more demand, and that leads to higher prices. Even though Major Oil Producers are not directly involved in the conflict it has still sparked uncertainty as far as oil prices are concerned. Talking about that was azlin ahmad, covering crude oil markets in the middle east and asia pacific and she told me that yesterdays spike in
Seemingly more stable usa. But on greece markets now well off their lows. Mary thompson what are people saying down there . While we are off the lows as you pointed out, dont get too excited and think that were past the worst of it we are not. The dow was down 166 points at the worse www. Point. Right now were down about 30. Vix which popped up 10 at the open is now only fractionally higher after pulling back. This that is a fear index we watch here at the new york stock exchange. The story remains the same. We are seeing a bid in gold a bid in the dollar and were seeing a bid in bonds today. Again, the concerns about greece continue to be at the forefront of traders minds but again they are waiting to see what happens tomorrow and throughout the rest of the week. China is also a concern and weighing on the markets. You can see that reflected in some of the weakness we are seeing in the Energy Sector down on concerns about a couple of things. Of course we had a higher rig count here in
This is al Jazeera America, live in new york city. Canadians overwhelmingly voting for change, choosing a new Prime Minister after nearly a decade. In a landslide, the son of one of the most famous politician and he hand add defeat to conservative leader. Jon tarot is live for us in toronto this morning, how did he in. Well, in the air, justin has always been considered by canadian as bit of a outsider, but oddly enough, and everything he has done in his career, he has pulled through on the winning side in the end, and thats certainly what he did last night. And the way he did it was to offer a very positive, inclusive campaign, all 11 weeks to canadians and it was internet based as well. It attract add young of lot young people, and it was very very similar to president s pams first campaign. And also i think theres another factor here, which has to be spoken about. He is 43, he is a very good looking young man. He as a beautiful wife, who is an entertainment t. V. Presenter, and abso
This is al Jazeera America, live from new york city. Yank danes have overwhelmingly voted for change. Choosing a new Prime Minister after nearly a decade. Justin what power and landslide the sun of one of the countries most famous politician. Handed a defeat to conservative leaders stephen harper. Al jazeera is live for news toronto, and jon, how did this happen. Hello. Well, i think canada is seeing red today. They have woken up and the map is all different. We will get to that. But how he did it is to run an obamaesque campaign. Cast your mind back to when president obama first ran, think about that, it was the same kind of campaign. Obama ran on hope and change, trued doe ran on real change, now, they have a lot of young people with them in what became a movement. More than a political party. His kids are beautiful, i think canada fell in love with them. What is motto like the dynasty, when he was first elected to office, they talked about trued domain yeah. It is back. Trued doe. H
First a look at your weather would days and how was it looking this morning . We are waiting for the next into the off shore flow pattern dreier and hotter warmer conditions as on the way. Reporter not much in a way of traffic will maybe a little bit of glaze perhaps some fog may be some spots and there is instead a cloud cover to do with we have confidence business with the low double sunny on all last weekend if it is still here think of it is a Climate Controlled temperature wives for us because we will not warmer today compared to how much were going to over the next couple days off there is a fire weather what to double cover most of the Higher Elevation for the drop of to wine country was see all the colorization through wednesday with the far were the what the next step is problems with fires still the scattered clouds looked over by noon it should be clearly out as to the to start to get up to the upper 60s if evince start to a couple in the Late Afternoon it is the low pressur