David McNew/Getty Images Oil prices have dropped over 20% since June. US crude-oil and gas inventories are at the highest seasonal level in at least two decades, and Saudi Arabia is keeping exports high. This global supply glut has pushed prices below $40 a barrel, and it's hurting a wide range of industries. We used Sentieo, an equity-research platform, to search recent company-earning calls for the phrases "oil price" and "oil patch" to see what people were saying. As you can see, the lower oi...
'They are hurting right now': The oil patch and has been decimated
Business Insider - 20 Aug 2016 16:58
David McNew/Getty Images Oil prices have dropped over 20% since June. US crude-oil and gas inventories are at the highest seasonal level in at least two decades, and Saudi Arabia is keeping exports high. This global supply glut has pushed prices below $40 a barrel, and it's hurting a wide range of industries. We used Sentieo, an equity-research platform, to search recent company-earning calls for the phrases "oil price" and "oil patch" to see what people were saying. As you can see, the lower oi...
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