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Update: Oil Price Plummets to Year-Low
The price of oil has dropped to its lowest all year.
The price of oil has dropped to its lowest all year. With a glut in supply and lessening demand, OPEC is pushing allied producers including Russia to join in output cuts of 1 million to 1.4 million barrels per day to shore up the price. The ÃÛÑ¿´«Ã½'s Middle East Business Reporter Paul Blake joins the show to explain what various factors are pushing oil prices down. And we'll have a view on the week's trading on the US markets from Susan Schmidt of Aviva Investments.
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World Business Report
The latest business and finance news from around the world, on the ÃÛÑ¿´«Ã½.