Stocks fell about 10% and the effect of this fall is now evident in the dipping oil prices.
Experts are saying that oil prices are the lowest it has ever been in 6 years and this is adversely affecting the oil & Gas industry more than it did last year when the Industry was forced to layoff hundreds of thousands of it’s employees. Even though consumers are happy at the cheap rate of gas at the pump, If this trend continues, there is fear, that more layoffs might occur.
You must be logged in to post a comment.