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Transcripts For CNBC Squawk Box 20141128

Story that were following. Wti falling. You have to go back to may 2010 to see prices like this. The number to watch is 67. 15. Right now, down by about 6 to 69. 32. Well below what weve seen at this point. If it fell down to 67. 15 that would be the lowest price since september 2009. The cartel deciding against cutting prices. First, check out some of the fallout to this route in oil prices. Youll see exxon, chevron, bp all trading sharply lower this morning. Bp down by more than 6 . The Global Equity market taking note of this dramatic fall in oil. Lty at this point, dow futures would open by 35 points, s p down by 4 points and nasdaq is up by just over 5 points. In asia within up by 2. 3 . Shanghai composite closing up by 2 . Hang seng is relatively flat. Trade in europe, maybe some of the oil taking its toll there, as well. The cac down by more than 0. 5 . The ftse in london down by 0. 7 . Steve sedgwick is standing by in london. He is just back from that opec meeting. Steve, this

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