nightly business report is made possible by: captioning sponsored by wpbt suzanne: good evening everyone and thanks for joining us. susie gharib is off tonight. a stunner out of the opec meeting in vienna. the oil cartel did not reach a deal to increase output, and the members usually agree on most things. tom: suzanne, this means new worries about oil supply through the summer and potentially higher prices at the pump just as they re starting to come down. july crude futures jumped on the news up $1.65 in new york trading closing over $100 a barrel for the first time in a week. suzanne: talks broke down after saudi arabia couldn t convince other nations to boost production. for insight into the opec surprise, i spoke with veteran oil analyst fadel gheit and began by asking if the impasse was political or economic. it s a combination political and economic. the saudis and their faction don t want to see a repeat of 2008. we don t want oil prices to get out of krol
nightly business report is made possible by: captioning sponsored by wpbt suzanne: good evening everyone and thanks for joining us. susie gharib is off tonight. a stunner out of the opec meeting in vienna. the oil cartel did not reach a deal to increase output, and the members usually agree on most things. tom: suzanne, this means new worries about oil supply through the summer and potentially higher prices at the pump just as they re starting to come down. july crude futures jumped on the news up $1.65 in new york trading closing over $100 a barrel for the first time in a week. suzanne: talks broke down after saudi arabia couldn t convince other nations to boost production. for insight into the opec surprise, i spoke with veteran oil analyst fadel gheit and began by asking if the impasse was political or economic. it s a combination political and economic. the saudis and their faction don t want to see a repeat of 2008. we don t want oil prices to get out of krol