Oil Crashes To $60 Per Barrel As Global Recession Fears Grow - Exxon Mobil (NYSE:XOM)
1. WTI crude oil hit a two-year low near $60 per barrel. 2. Goldman Sachs raised recession probability to 45%, impacting oil demand outlook. 3. OPEC+ increased production, adding downward pressure on oil prices. 4. Exxon Mobil's break-even point is at $65 per barrel, now exceeded. 5. Energy Secretary claims U.S. shale can produce even at $50 per barrel.