Crude Below $65 Squeezes U.S. Shale, Even as Drivers Celebrate ...Middle East

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Crude Below $65 Squeezes U.S. Shale, Even as Drivers Celebrate
source : OILPRICE ( Middle East ) () 111
In a market increasingly governed by geopolitical tremors and macroeconomic mismatches, crude oil dipping below $65 per barrel seems like a gift to global consumers. But behind that price tag lies a slow-moving crisis for U.S. shale producers, many of whom are being forced to pull back on production, delay capital projects, and recalculate what sustainability means in a low-margin world. Even after a brilliant spike on Monday, Brent is still languishing around $65 per barrel, with WTI trailing slightly lower. But while American drivers are beginning…

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