Page 2 - Cutting Production News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> neil: all right. for awhile today, oil rebounded on talks that russia and opec will start cutting production. that lifted prices a little bit. you're probably seeing at the states, better than two dozen have gas under $2 a gallon. what are the pros and cons? here's gary galpon and phil flynn. phil, what is going on with oil and should we worry about it falling too much? >> we can be worried about it. president trump gave everybody a christmas present. gas prices down again. he inched near the prize dropping. u.s. producers could get in trouble and cut back on

An ugly start to the month for stocks. asian and european shares lower. disappointing chinese numbers. u.s. stocks futures falling sharply. the dow plunged more than 1100 points in august. the biggest drop since may 2010. concerns over china and looming interest rate hike and oil. berman, look at this. oil logged the biggest three-day rally since the 1990. iraq invaded the oil fields of kuwait. opec may consider cutting production and the u.s. cut estimates for oil production. >> not by tons. >> a little. that was enough for the speculators to think that everyone has it wrong. oil prices could...

A foreign bribery case. alstom was recorded for falsifying records to mask the bribes. it is the highest ever for foreign bribery in the u.s. now, how are you enjoying your cheap gas and fuel prices? you can continue to do so. do not expect oil prices to rise any time in the near future. saudi arabia telling cnn it will never cut oil production, opec's decision thought to cut production last month sent shock waves through the oil markets. prices are now hovering -- you see how low it's become $60 per barrel and opec ministers say they're prepared for oil to go as low as $40 before they'll co...