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Transcripts For BLOOMBERG Countdown 20151221

Look at oil prices. It has been one of the keys to working out what is happening in the markets at the moment. The oil route continues. I have a wti chart here. In the far righthand corner, we see 34. 59. Arab opeca meeting of members in cairo over the weekend. The Iraqi Oil Minister talking about how we do not need to be pessimistic about oil prices. A similar message coming from the qataris. Spain faces unchartered Political Uncertainty this morning after the Prime Minister lost his majority in an inconclusive election. Thety lost a third uncertainty may see spanish bonds open lower today. Brent crude fell to its lowest level since july 2000 or amid the speculation that supplies pricesacerbate a global are down 37 this year. Iraqs oil minister says oil well bounceback because the current price is hurting red ....

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