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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 nego ....
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 n ....
Either thanks for joining us this is r. T. International. World oil stocks are taking a heavy hits following the failure of crude producing countries to agree production cuts demand for oil. Says that it will increase its output dont call it is following the story joins me here in the studio a shock for a lot of people i think this how exactly does this come about yeah absolutely neal while the markets are just going way down since mondays opening asias markets have been taking a plunge european and american futures have been in freefall and oil prices have seen their biggest fall since the 1st gulf war in 1901 that was a long time ago. Ok how have we got to this position does it mean were talking about big changes in Global Markets in a lot of areas but but its pretty big in particular new oil yeah absolutely it started with saudi arabia actually its attempts to drastically push down the price of oil to between 6. 00 to 8. 00 a b ....