Improving outlook sends oil prices near $30
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Article Written By: Jay R. Young Houston-based Apache Corporation lost nearly 25 percent of its value Wednesday, as oil prices continue to decline amid the coronavirus scare and price war between Saudi Arabia and Russia. Other oil companies are also seeing double-digit losses in the stock market, stoking fears of possible layoffs throughout the industry. “The less money that comes in, the more money they need for basic operations,” says Jay Young, CEO and founder of Dallas-based King […]