Video Credit: Cheddar Inc. - Duration: 03:11s - Published
Oil Prices Surge
State oil and gas regulators in Texas are considering instituting a production cut to shore up sinking prices for the first time since the 1973 oil crisis.
Thanks to its affordability and strong energy-oriented economy, Texas has seen a population boom.
But according to Business Insider, the coronavirus pandemic is hurting Texas's oil industry..
Euro zone inflation plunged this month on crashing oil prices, signalling the start of a possible deflationary spiral as government lockdowns in response to the coronavirus trigger a dramatic slowdown..
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