How low can it go? In recent years, the oil price has stabilized soon after dipping below the cash costs faced by the most expensive producers. This time the signal isn’t so clear.
Brent oil futures fell below $30 a barrel Monday, well under the $37 mark at which the price of crude is no longer sufficient to cover the operating expenses and production taxes of higher-cost producers, according to research and brokerage firm Bernstein.
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March 17, 2020 at 08:13PM
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Oil May Drive Past Rebound Signal - The Wall Street Journal
"oil" - Google News
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