Inside Trump’s ‘Liberation Day’
Trump Issues an Update on the Fate of TikTok
Look How the Associated Press Reacted to the March Jobs Report
FBI Caught Spying on Lawful Gun Owners—You Won’t Believe Why
These Senators Just Introduced a Bill to Rein in Trump's Tariffs
China Strikes Back, Slaps Huge Tariffs on US Goods Amid Trade War
This Nation Just Agreed to Cut Tariffs to Zero After Conversation With Trump
Massachusetts Denied Man Gun Permit for WHAT?
Trump Administration Yanks Visas of Band Members Over What They Displayed at Concert
Here's Why Bernie Sanders' Anti-Israel Resolutions Are That Much Worse This Time
Here’s What NY Democrats Say About a Hypothetical Schumer-AOC Primary
JD Vance Says He’s ‘Feeling Good’ About Tariffs
Remember the Trans Nashville Shooter? Well...
Siren: The Brutal Consequences of Not Extending Trump's Tax Cuts
Scott Jennings Beats Karen Finney at Her Own Game
Tipsheet

Analysts See $65 Oil

First it was that oil would never go below $100. Then it was that oil would definitely hit $40 a barrel. And now analyst at UBS say the magic number is...$65-$70 a barrel. But I'll give them this they do have some reasoning behind their number. Their point is that oil production in the United States has a breakeven price of $60-$65 a barrel.
Advertisement

And since US production can better offset the production from OPEC countries than previously that the breakeven US price will better determine the overall price of oil in the market. But of course as we all know it makes little difference because oil prices and gas prices have nothing whatsoever to do with each other.

Catch more of the best money advice and monetary commentary by me daily 10am PT, 1pm ET at WealthEd.com

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement