Oil Move News Today

Lets go to the floor of the new york stock exchange. allison alison kosik joins me from there. new year, same problems. >> we are seeing stocks off the lows of the session. we did see the dow down more than 350 points. we are see ag bit of a comeback for stocks. we did see oil move higher. that is helping to take some of the pressure off stocks. the big catalyst is a down beat report out of china showing the manufacturing sector contracted. this is the second report showing the huge manufacturin...

Theyre being hit very hard. a safe haven flow into gold and gold miners are getting a nice lift. i know youre looking at the jitters on the geopolitical front with saudi arabia is helping oil move to the up side. but its been a very frustrating past year and this really does come on the back of so many frustrations for both the bulls and bears. the s&p and dow were really unable to break out convincingly in either direction, and of course people are starting to bring down their target for this y...

Moving into the places like turkey, iraq, lebanon. >> who is buying the oil is this. >> its black market oil getting sold across the border. >> does the turkish government buy? citizens? who? >> russia has accused the turkish government in being complicit in having that oil move across its borders. turkey denies it. but ive talked to scholars who have noted the oil is getting moved around. so you can either buy oil legally at legal price or black market oil which is half off. so that is what it ...

The oil globs polluting camnada bay, i thought i experienced vile until you found my previous definition needed updating. all right. so were at the mouth of barataria bay? >> exactly. >> and obviously theres a lot of oil. you have the same sort of globs that we saw out in the sea on the way -- out in the bay on the way over. this is what they look like on land. this is my favorite pen. not anymore. what i want to know is once oil does make landfall like this, what happens? does oil move in marsh...

Division up there, the 6th, they wanted to put troops on beaches. fortunately president bush 41 said no. and, exxon did it. so bp will have to put people on the shoreline to do that cleanup. jane: the one as you point out, maybe silver lining of this, proximity of it. much easier to get to than the situation you had to deal with in alaska. lt. general tom mcinerney i know you will watch it with us next couple days as we watch the oil move. thanks so much for your expertise. >> thanks, jane. jon:...