you are watching the pulse. i m guy johnson. francine is in the building, just not on set. she will be back. let s get straight to our top story. oil trading at the lowest level in four years. this the day before opec meets in vienna. a deal to cut output looks increasingly unlikely. saudi arabia s oil minister has said that tumbling prices will stabilize and there is no need to reduce production. nexen go, venezuela and russia have als decided not to take action. the boss of rosneft has the same view. he has been speaking to ryan chilcote in an exclusive interview. he says his country can $60 aand prices as low as barrel. we decided to monitor oil prices over the next year. possibly everything is necessary. industry was privatized a long time ago. owners andrivate peculiarities to working in russia. like the climate and logistics. russia s oil producers will .eact to market demand efficiency is the main factor of determining market supply. if the demand and the price are
before dragging her out. we re going to have more later with espn s steven a. smith. but first, senior officials are now saying the administration is preparing a three-phase campaign to destroy the isis terror network, which could outlast the eremainder of president obama s term in office. the president is expected to address the nation on wednesday and inform the american people of his strategy. fox s own ed henry is standing by at the white house tonight. he has the details. ed, first it s no strategy then it s degrade and destroy, then it s, well, we need an international coalition and then it s managing the threat and then chase them to the gates of hell. what s going to happen on we wednesday? sean, as you lay that out, you re right the president fumbled his first couple of attempts if you will to sort of explain this strategy to the american people. it took three news conferences over about a week here at the white house all the way over to europe before he did finall
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