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That welcome just gone 3 oclock in the afternoon here in moscow you will see international now World Oil Stocks are taking a heavy hit following the true producing countries to agree to production cuts as demand for oil falls saudi arabia has now said it will increase output so thats done a lot to the price of oil today its damaged it significantly dont courses here to talk more just tell us about the latest state of the markets well andy the markets are going way down since mondays opening asias markets have seriously plunged to european and american futures are in freefall and oil prices have seen their sharpest drop since the 1st gulf war in 1901 so its not exactly a good situation sure and its all been sort of painted on an argument between saudi arabia and russia just expand on that yeah exactly basically it started with i mean a price wars. The raging right now between saudi arabia and russia started over the weekend when ....