Cratering oil prices in 2025 are 'dangerously close' to being unprofitable for producers, top investor says
FILE - In this Wednesday, April 8, 2020, file photo, the sun sets behind an idle pump jack near Karnes City, Texas.
Associated Press
- Oil prices have been volatile in 2025 as economic uncertainty and trade tensions have weighed on sentiment.
- Dwight Scott of Quantum Capital said that prices are nearing a dangerously low level for producers.
- He added, though, that he doesn't think this difficult period will last for the oil industry.
Oil prices have been volatile this year...