Oil at $50 per barrel makes fiscal outlook of US and Russia unsustainable, says DBS Group Research

DBS Group Research on Monday said fiscal outlook of US and Russia will be unsustainable if oil reaches at $50 per barrel.

In an interview to CNBC-TV18, Taimur Baig, chief economist and managing director, said, "Saudi Arabia is in a very precarious state in terms of cutting their production, whereas Russia would love to see oil go back to $60 per barrel."