U.S. oil output is at a record high, putting profits for producers at risk
Strong Bullish
100.0
U.S. oil prices have dropped more than 15% so far this year to levels that could threaten the ability of smaller producers to earn a profit. And that’s even before factoring in forecasts that could see the biggest global supply surplus on record next year.
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
