BLOOMBERG Bloomberg BusinessWeek October 2, 2016
Made a deal to cut production. It has been a lot of arguing backandforth about that for years and this is the first time they agreed to cut production in eight years. Carol it is a big deal. Ellen saudi arabia has typically not wanted to cut production and now does. Him hoping that prices will go up and iran, which is usually the other way has almost switched positions, but they seem to be in agreement. It looks like Oil Production will go down and we have to see what happens with prices. Carol saudi arabia and iran have different views. Opening remarks, you take a look a the war of free speec...