How Soon Until Texas Oil Prices Go Back Up? Experts Are Unsure.

Fears over the spread of the coronavirus paired with a price dispute between Saudi Arabia and Russia have caused oil prices to rapidly drop. The speed at which they’ll rebound, however, remains uncertain.

By Kyra BuckleyMarch 11, 2020 4:49 pm,

From Houston Public Media:

Even if you’re not the type of person that follows daily oil prices, you’ve probably heard that the market has been on a roller coaster lately.

There’s fear over spread of the coronavirus, and Saudi Arabia and Russia failed to make a deal over the rate of production. Now both countries say they’ll flood the market with inexpensive oil.

While many places will feel the economic impact of both these international issues, Houston is especially vulnerable.

But just how much?

Read more.