The cascading economic effects of plummeting oil prices

World News

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.

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