How cheap is too cheap?

How cheap is too cheap?

Oil companies are barely breaking even on crude oil right now — a barrel of West Texas Intermediate started Monday at a paltry $58. If prices stay low, firms will have a choice to make: invest in new production, or pay investors dividends. Plus, the services sector expanded but remains wary of tariffs, health care hiring may not weather major cuts to Medicaid and we visit an electric vehicle showcase in Shanghai.

The price of black gold has not been this low for a long time.

International oil prices drop to KSh 7k per barrel, impacts to Kenya

Oil prices in the international market dropped significantly in the second week of May 2025 to $60 (KSh 7,755) per barrel of Brent Crude from KSh 8,531.

The Price Of Oil Has Fallen Below $60 Per Barrel

For the first time since 2021.

Nigeria’s Fiscal Deficit May Widen As Crude Oil Price Drops Below $60 Per Barrel

Nigeria’s fiscal deficit may widen as crude oil prices dropped to below $60 per barrel on Monday, causing anxiety among government officials. The sharp drop in oil prices, driven by accelerated OPEC+ supply increases and weakening global demand, has triggered anxiety in government circles and among investors. The 2025 federal budget was predicated on an oil price benchmark of $75 per barrel and daily production of 2.06 million barrels. Brent has…

Asian Paints, IndiGo shares jump up to 4% as Brent crude oil price falls below $60 - GAGA INDIA

Menu Home Equity Trading Account Portfolio (PMS) Unlisted Shares Physical to Demat Other Invest Mutual Fund Global Invest Bond Invest Fixed Deposit Real Estate Other Trading Forex Trading Training Videos Equity Training Upstox Demo Intraday Demo MF Demo Updates Index Prediction India Market News USA Market News Source link The post Asian Paints, IndiGo shares jump up to 4% as Brent crude oil price falls below $60 app…