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International oil stocks are taking a major hit today following the failure of crude producing countries to agree to production cuts as demand for oil falls amid fears about the coronavirus saudi arabia does say it will increase output after a dispute with russia so lets get the latest now from markets kind of mark and he joins us. Its been a shocking day hasnt it for the markets just bring us up today its about whats happening. Well its a somber atmosphere here on wall street in the New York Stock Exchange theyre already calling it black monday at this point futures trading has been stopped for the 1st time in 4 years and this is actually the biggest drop on wall street that weve seen since the 2008 financial crisis now Oil Prices Went down by roughly 30 percent there a big drop in oil prices apparently the issue seems to be that the opec negotiations were taking p ....
Update this hour. World oil stocks are taking a major hit following the failure of crude producing countries to agree to production cuts as a ban for oil falls i mean fears about the coronavirus saudi arabia says it will increase output after a dispute with russia with more here. 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 since 1901 and at this point its 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 d ....
A very warm welcome to the program from all of us here at r t h q in moscow thanks for joining us this hour. World oil stocks are taking a major hit following the failure of crude producing countries to agree to production cuts as a man for oil falls amid fears about the coronavirus saudi arabia says it will increase output after a dispute with russia with more here is are to scale up. 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 its being traced back essentially to the negotiations with opec saudi arabia has come forward and called ....
Youre watching are to international bring you your live news update from our studio here in moscow welcome to the program cuts as a man for oil falls amid fears about the coronavirus saudi arabia says it will increase output after a dispute with russia with more hears are to scale up in. 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 juju limited ....