Oil Trading Below $60? Grab 5 Energy Giants With Huge Dividends Now
Oil prices fell below $60 per barrel recently due to a combination of oversupply and weak demand. Global oil inventories are rising, putting downward pressure on prices. At the same time, both OPEC+ and U.S. production are increasing amid relatively stable global oil demand. Some banks expect West Texas Intermediate oil prices to be below $60 for the remainder of 2025. OPEC+ recently announced plans to unwind its production cuts, but the increases are less than what was first proposed. The U.S. Energy Information Administration expects the price of crude oil to fall below the current $60 per barrel by the end of the year and average near $50 per barrel through 2026, as more supply is added to an already well-supplied market.


