and are earning more than ever before. let s start with oil prices, because they ve risen some 20% over the past three weeks. this time last week, prices surged after the oil cartel, opec +, decided it would reduce its combined output by 1.1 million barrels per day. crude prices climbed after the cartel s announcement, but later in the week they steadied, following the latest us and chinese economic data which suggested weaker post pandemic growth. so where are we headed? russ mould, investment research director at aj bell joins me now. i m very excited about this. you are down by the seaside in brighton but actually here today. on the bank holiday we dragged you in. what are your thoughts about oil right now? opec + is seen as this organisation by the white house is not especially helpful when it comes to our outlook for the global economy, cutting production and causing another spike in the price of oil which is very inflationary? it spike in the price of oil which is very
Dagen that movie better be good. Connell we heard a lot about it. Dagen nothing but naked woman and drugs and stock fraud in the book. Can you handle three hours of that even with leo dicaprio. We have tripledigit gain. Nicole petallides at the new york Stock Exchange. Good morning, everybody. The Dow Jones Industrials up 135 points right now as dagen and connell noted tripledigit gains which erases some of last weeks loss. Last week we lost 265 points on the dow. Were making some of that back right now. Were focused on the fed as we do have a fed meeting. Well see if they slow down on the money printing and bond buying. That will be on the 17th and 18th this week. Keep in touch here. Exxon, ibm, caterpillar, American Express some of the best performers on the Dow Jones Industrial average. The big picture is in europe they actually turned things around. They had been seeing losses. Recently they have an up arrow. Productivity numbers here at home were good news there. There was one par
be forgiven for thinking washington wants it both ways, they want lower oil prices remember they ran down the strategic petroleum reserve price last year to drive the price last year to drive the price down they will need to refill that it is at a 20 or 30 year low, the saudis may think there is an opportunity to remind them who is boss. where do ou remind them who is boss. where do you think remind them who is boss. where do you think prices remind them who is boss. where do you think prices are remind them who is boss. where do you think prices are headed, i do you think prices are headed, some say it could be $100 a barrel? ., ., ~ , ., ., ., barrel? nothing makes a fall of someone more barrel? nothing makes a fall of someone more than barrel? nothing makes a fall of someone more than an - barrel? nothing makes a fall of someone more than an oil- barrel? nothing makes a fall of| someone more than an oil price prediction, i think they have a certain price level in mind, the