Is Black Gold Back in Business?
Oil prices rose above $61 a barrel in Asian trading this morning, recouping some losses after tumbling 17 percent last week. But gasoline reserves in the U.S. are growing, showing continuing low demand for crude. In Economics 101, you learn that when demand drops, so does price, so why are oil prices rising? Joining The Takeaway to analyze the turbulent oil market is BBC Business Correspondent Mark Gregory.
The story you just read is available to read for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, the reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
When you make a gift of $10 or more a month, we’ll invite you to a virtual behind-the-scenes tour of our newsroom to thank you for being with The World.