Price of Oil Tanks--So Temporary Lower Gasoline Prices until the Shale Drilling Stops

Investment Analysis Clubs Macro Economic Trends and Risks
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Oil continued its dive into Friday—Brent dropped below $66, WTI scraped $62—and if you’re thinking, hey, haven’t seen those levels since 2021, you’re not wrong.

Today’s WTI prices are not sustainable for some US producers.