Segments From this episode
It's hard to believe that over the summer, oil was at a high of around $147 per barrel. Now, it's dropped down to less than half of that. Jeremy Hobson reports OPEC has cut production to curb a price drop.
To ease the price banks charge for letters of credit, the World Bank doubled the amount of guaranteed shipments. Jennifer Collins explains what a letter of credit is and why this move helps cargo shipments.
The European Union is looking at credit-rating rules that could be tougher than those being considered in the U.S. Kyle James reports how the E.U. will be moving forward on agencies like Standard & Poor's and Moody's.
Marketplace Morning Report for Wednesday, November 12, 2008