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Plunging oil prices 'could go even lower for even longer'

from USA Today

Oil continued its month-long tailspin Tuesday, June 20, as the energy industry braced for the possibility that prices aren't stabilizing anytime soon. Falling prices could temporarily constrict the rapid growth of U.S. oil production, but energy industry experts don't expect a significant pullback. American oil producers cut costs during the last downturn spanning from late 2014 to early 2016, which keeps them profitable even at lower oil prices that might have previously shut down wells. more


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