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Oil's Magic Number Becomes $50 a Barrel for Promise of Recovery - Bloomberg
Bloomberg | Oil's Magic Number Becomes $50 a Barrel for Promise of Recovery Bloomberg BP Plc, rig-owner Nabors Industries Ltd. and explorer Pioneer Natural Resources Co. all said in the past 24 hours that prices above $50 will encourage more drilling or provide the needed boost to cash flow. With oil bouncing close to $45 a barrel, an ... Pioneer climbs on oil output optimism Pioneer's Strong Results Show America's Oil Boom Is Just Taking A Breather |
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