Oil rises as markets pin hopes on OPEC cut (00:00)

Saudi Arabia was seeking to persuade Russia on Wednesday to cut oil production substantially with OPEC next year in an attempt to arrest a decline in the price of crude and prevent another global glut. 06/12/18

Worries about U.S. bond markets signalling an impending recession and a still rumbling trade war between the world's two biggest economies sent European shares sinking further on Wednesday after a 3 percent drop on Wall Street.  Francis Maguire reports.

Up next... World stocks hit by Wall Street, US yield curve double whammy

Play now

Copy video link

Copy the text below to get a direct link to this video:

Copy video link form

Email a friend

Oil rises as markets pin hopes on OPEC cut

December 06 2018

Email a friend form

Email a friend

Thank you.

Your email was successfully sent.

Error

Sorry. An error occurred when submitting the form.



Please try again later.

Help with videos

Streaming media

Websites in the Fairfax Digital Network offer streaming video and audio in the Flash format. Streaming media allows you to watch video on a website as a continuous feed, as opposed to waiting for an entire audio or video file to download to your computer before you can use it.

Download the software

To play a video or multimedia clip, you need to have the Flash player installed. You can download one for most systems (including Mac OS X) for free if one is not already installed on your system.

Which Speed?

Our automated system will test your connection speed and send the best video stream so it plays smoothly and continuously.

Alternatively, you can manually choose the speed setting that corresponds most closely with your network connection. We produce clips in a range of speeds to deliver the best quality possible-- the better the quality the faster connection you'll need.

Video settings

What type of connection do you have?

Video settings form
  1. Note: A cookie will be set to keep your preferences.

Video settings

Your video format settings have been saved.

Business Day Channels