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Worries about US shale output as oil hits three-year high - Financial Times
Financial Times | Worries about US shale output as oil hits three-year high Financial Times Brent crude rose to a three-year high of $70 a barrel last week, but there are questions about the rally's resilience as higher oil prices threaten to unleash a new wave of US shale output. “The higher the prices go, the harder shale producers pump ... Oil dips away from 2014 highs on rising US rig count, but analysts say market supported Hot Money's Pushing Oil to $70, but OPEC Should Keep Cool ... Could President Trump Cause Oil Prices to Top $80 a Barrel? |
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