Bloomberg | Oil Extends Losses as U.S. Rigs Drilling for Crude Rise 2nd Week Bloomberg “With oil over $50 a barrel, there is a deep-rooted view that American shale producers may return,” said Takayuki Nogami, the chief economist at Japan Oil, Gas and Metals National Corp., a state-run company that helps secure energy supplies. “The ... Oil price drops below $US50 Rig contractor sees demand picking up as oil reaches $50 a barrel Oil Prices Fall Below $50 as Drilling Data Show Uptick |