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Frackers profit from shifting fortunes in the oil price war - Financial Times
Financial Times | Frackers profit from shifting fortunes in the oil price war Financial Times The cut in Opec's oil production announced by the ministers has yet to be implemented. But merely by agreeing they needed to pump less oil, the cartel conceded that its attempt to force rival producers out of the market is not working. The oil price ... US oil settles up 35 cents, or 0.7%, at $50.29 as traders await crude stock data Oil Seen Stuck in $50 to $60 Range as Shale Blunts OPEC Action Saudi Arabia's oil production slid off record highs |
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