Hope Opec News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Now prices are back up, america's oil producers are hiring again, until the next time prices go bust. on friday, trump tweeted, hope opec will increase output substantially. need to keep prices down. be careful for what you wish for. this weekend, saudi arabia convinced other oil-producing companies to raise global output. it declined to give specific numbers. it is a move widely seen as an attempt to satisfy donald trump but it might only serve to hurt our domestic oil producers. even so, oil futures actually shot up on the news of the oil increase, settling at, as i showed you, $68.58 on fri...

It. consumer notices when the stock market is down, when the dow is down eight days in a row and now basically down for the year and people react to that. you're seeing bits and pieces of direct impact. you'll see significantly more direct impact if the numbers on the china tariffs go up quickly because that quickly hits consumer goods. things we like to buy for cheap. >> something that hits consumers is gas prices. you see that in the president's tweet talking about gas prices. any president would like to have low gas prices. we get into the summer months, the travel months. hope opec will in...

Welcome back. i want to turn to the ee mermging trade war between the united states, china and the european union. within the last 24 hours, the eu began enforcing its own agricultural tariffs on the u.s. in addition to that, opec and its allies have agreed to boost oil production in response to a global -- growing global demand. that deal a victory for saudi arabia and russia. something president trump has weighed in, hope opec will increase output substantially. need to keep prices down. joining us is ben white, a contributor to cnbc. let's start with the trade war. something that somebody t...