alix: burns mckinney and jim mccaughan stay with us.or the for some sense a beginning of august. branch getting tighter, as well as well. will opec have to extend cuts? we will discuss that after the break. also coming up, a look at amazon. we will talk to the analyst who just gave the company 4 its2nd buy-- the company its 42nd rating. why did it take so long? this is bloomberg. ♪ alix: crude getting a bit today, topping $50 for the first time since the beginning of august. brent staging a rally, as well. this chart looks at the short and long-term brent prices. zero ather you get from positive territory, the tighter the market gets. this all means higher oil prices. we have burns mckinney of allianz principal investors and jim mccaughan. talk about an ipo and a jump in oil prices recently. >> what they need for the saudi aramco issuance is plenty of liquidity in the ipo market, because it is so big. they also need a good undertone to the oil price. there needs to be clarity about the ownership of the oil preserves. is being presented