DALLAS – Oklahoma entered a recession more than a year ago and may still be in one as oil and gas futures trade at less than half of their 2014 peak prices, according to recent economic data.

"The latest GDP data show Oklahoma entered a recession starting in spring of last year," state Treasurer Ken Miller said last week. "We will get new data late this month to show whether the recession continued into first quarter of this year; however, there is no indication of any marked recovery at this point."

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.