The cascading economic effects of plummeting oil prices
Clip: 4/21/2020 | 4m 8sVideo has Closed Captions
The cascading economic effects of plummeting oil prices
The collapse of the global oil market reflects a broader drop in demand across all areas of the economy, as business activity during the pandemic remains near a standstill. What caused this historic decline in oil prices, and what does it mean for other sectors? The New York Times’ Neil Irwin joins Judy Woodruff to discuss a sudden drop in consumption and what might happen to the oil market next.
Problems playing video? | Closed Captioning Feedback
Problems playing video? | Closed Captioning Feedback
Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
The cascading economic effects of plummeting oil prices
Clip: 4/21/2020 | 4m 8sVideo has Closed Captions
The collapse of the global oil market reflects a broader drop in demand across all areas of the economy, as business activity during the pandemic remains near a standstill. What caused this historic decline in oil prices, and what does it mean for other sectors? The New York Times’ Neil Irwin joins Judy Woodruff to discuss a sudden drop in consumption and what might happen to the oil market next.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...