CNBC Power Lunch September 10, 2014
Sue is here in Englewood Cliffs today. I am, todd. Good to see you. Were going to start with possible signs of a downturn. Bob pisani has one piece of evidence. Jackie de angeles the other. Ice brent down 10 . Good afternoon, sue. Certainly not pretty when it comes to crude oil. Couple of factors here pushing these prices down. The first would be that Global Supply right now is surging. In opecs monthly report issued this morning, total output actually went up even though saudi arabia cut its production by 400,000 barrels a day. You have the libyan supply coming online to balance things out. I...