US EditionOil Trading Below $60? Grab 5 Energy Giants With Huge Dividends Now
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2 Articles
Oil Trading Below $60? Grab 5 Energy Giants With Huge Dividends Now
Oil prices fell below $60 per barrel recently due to a combination of oversupply and weak demand. Global oil inventories are rising, putting downward pressure on prices. At the same time, both OPEC+ and U.S. production are increasing amid relatively stable global oil demand. Some banks expect West Texas Intermediate oil prices to be below $60 for the remainder of 2025. OPEC+ recently announced plans to unwind its production cuts, but the increas…
China warns the US that it will take action if Trump does not withdraw the 100% tariff threatTrump says that “the U.S. wants to help China, not harm it.”The price of oil is quoted below US$60 per barrel, staying on a downward trend during 2025, reported Scotiabank’s Weekly Report. So far this year, it accumulates a drop of about 18%. The price reflects a context of global physical surplus, at a time when the global economy shows signs of moderat…
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