KQEH Nightly Business Report April 13, 2016
Output. Neither confirmed the story but if true, it would be the first step in curbing production thats resulted in a glut of oil worldwide, created chaos in certain stock markets, hurt commodity dependent economies. The hopes of a a deal sent rices up. The rise in oil lifted stocks. The dow jones gained 164 points to 17,721. The nasdaq added 38. The s p 500 was up 19. Jackie takes a closer look at the oil rally and whether the historic low prices may soon be a thing of the past. Reporter a spike in oil prices based on optimism, produces will come to some accord. A Russian News Agency out with...