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Apr 10, 2020

Can anything stop oil prices from sliding?

OPEC and OPEC-adjacent Russia have reached a deal to cut oil production by 10 million barrels a day. State workers process the millions of unemployment claims. Have you done a puzzle lately? You’re not alone.

OPEC and Russia have reached a deal on oil production. But can that stop the downward price trend? — OPEC and Russia have reached a deal on oil production. But can that stop the downward price trend?
David McNew/Getty Images

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Segments From This Episode

Can even a deal to cut oil production increase prices amid COVID-19?
by David Brancaccio, Rose Conlon and Alex Schroeder
Justin Sullivan/Getty Images
Demand for oil is falling so quickly that even a reduction in supply will take some time to affect markets.
State workers under pressure to keep up with soaring unemployment
by Jack Stewart
Jeff Kowalsky/AFP via Getty Images
The incredible surge in claims is putting a huge amount of pressure on the public service workers processing them.
Puzzle sales are peaking during COVID-19 quarantine
by Kristin Schwab
Ina Fassbender/AFP via Getty Images
“We’re pretty much experiencing Christmastime at Easter,” one manufacturer said.

Music from the episode

The Team

Can anything stop oil prices from sliding?