Joining us tonight in our 3 International Im Daniel Hawkins wherever you are welcome to the program. A World Oil Stocks are taking a major hit following the failure of crude producing countries to agree to Production Cuts as the month for oil falls amid fears about the coronavirus saudi arabia says it will increase output after a dispute with russia with more heres arties. Quite a somber atmosphere here on wall street they are already calling it black monday we saw a 15 minute free is on futures trading when the stock market opened big dramatic plunge on the stock market the biggest drop weve seen since the 2008 financial crisis and on top of all of that weve got an Oil Price Drop 30 percent decline in the price of oil a plunge in the price of oil the biggest drop weve ever seen in oil cents in 1901 and at this point it being traced back essential each of the negotiations with opec saudi arabia has come forward and called for a decrease in Oil Production due to limited demand around th
From moscow thanks for joining us and i thought international on your walk ins with you here welcome to the program. A World Oil Stocks are taking a major hit following the failure of crude producing countries to agree to production cuts as demand for oil falls of it fears about the coronavirus saudi arabia says it will increase output after a dispute with russia but war has arties. Quite a somber atmosphere here on wall street they are already calling it black monday we saw a 15 minute free is on futures trading when the stock market opened big dramatic plunge on the stock market the biggest drop weve seen since the 2008 financial crisis and on top of all of that weve got an Oil Price Drop 30 percent decline in the price of oil a plunge in the price of oil the biggest drop weve ever seen in oil cents in 1901 and at this point it being traced back essential each of the negotiations with opec saudi arabia has come forward and called for a decrease in Oil Production due to limited demand
And i welcome to r. T. International life from moscow hawkins were you to begin from tonights welcome to the program. A World Oil Stocks are taking a major hit following the failure of crude producing countries to agree to production cuts as the model for oil falls amid fears about the krona virus saudi arabia says it will increase output after a dispute with russia with more heres a little. Quite a somber atmosphere here on wall street they are already calling it black monday we saw a 15 minute free on futures trading when the stock market opened big dramatic plunge on the stock market the biggest drop weve seen since the 2008 financial crisis and on top of all of that weve got an Oil Price Drop 30 percent decline in the price of oil a plunge in the price of oil the biggest drop weve ever seen in oil cents in 1901 and at this point it being traced back essentially to the negotiations with opec saudi arabia has come forward and called for a decrease in Oil Production due to limited dem
For that welcome youre watching international now as World Oil Stocks are taking a heavy hit following the failure of crude producing countries to agree production cuts but as demand for oil fulls saudi arabia says it will increase output on quarter joins me studio next tell us more about what is happening dont know exactly what is happening there why would saudi arabia decide to increase production well in the World Markets are just going way down since mondays opening in the asian markets have taken a serious plunge european and american futures have gone into freefall and oil prices have seen their biggest fall since the 1st gulf war in 1901. And so just explain then we know you know disastrous situation as far as always is concerned today but why is this happening what has led up to this well basically a price war is raging right now between saudi arabia and russia it started over the weekend when riyadh which runs the Worlds Largest oil company cut its export prices to between 6.
Irket over the weekend and and youw you a chart can see the emerging markets continue to rebound over the reboundeeks and the comes under a little bit of pressure. Between the rebound in the theties and what happens on Commodity Markets, lets put this into a closer spotlight and show you what has been happening far. Rent is not prices and itst is higher compared to the previous close. Lets look at the u. S. Dollars and it is well over the 140 level. Taking the top spied this week, and it take a grilling is the latest move in the markets. Good morning. Good morning. They take out loans to cover down payments and, according to those familiar with the matter, small agencies and peertopeer networks will be not allowed to offer pay. Home sales plunged. Declined and the plans to boost housing supplies. After the oileath fund. People whoted other were sentenced to death. To appealalso ordered a quarter of those. Hillary clinton and Bernie Sanders clashed on trade deals. Both agreed that they