Oil prices have been lowering for a while, meaning that the current crude output costs more to pull out of the ground than it is worth. With the sounds of this situation, why don’t operators of oil wells stop pumping? Well, it is not that easy because in the end the cost of stopping and restarting production is much higher. Take a look at the video below to see if the oil crash is over.
Are the crashing prices of oil going to end soon?
103
Share.
