Pricing the benefits of cheap oil in a world of economic lockdowns
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(Reuters) - The oil price collapse that took U.S. crude prices sub-zero for the first time in history may turn out to be a silver lining for the world economy, possibly offering a springboard for recovery when coronavirus lockdowns finally end.Cheap oil lowers transport and manufacturing costs while putting money into consumers' pockets for discretionary spending -- essentially loosening financial conditions. Yet it can also be destructive, hitting stock markets and oil producers' budgets while..