Oil’s troubles highlight winners and losers ahead of July 4th holiday

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The winners and losers from oil’s prolonged slump will be on full display this Fourth of July holiday, as the commodity’s economic ripples are affecting everything from prices at the pump to the cost for a plastic beach chair. Oil and gas prices have plummeted in recent years — the price for a barrel of West Texas Intermediate crude oil was at $45.34 this week, off 59 percent since highs last reached in 2013 — as a result of a boom in exploration and drilling. That’s delivered a boost to many…


1 Houston

Houston News & Search

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