Oil Prices Story Thread

WSJ: Oil Prices Rise Sharply Due to Lower Output Estimates

The Wall Street Journal reported that crude oil prices rose 27% in the last three sessions due to lower revised estimates of U.S. oil output and a report that hinted that OPEC may be considering cutting production. read more


Bloomberg: Crude Oil Prices Languish Near Six-Year Low

Bloomberg reported the $60 billion of oil industry spending cuts this year won’t be enough as crude oil prices languish near a six-year low. read more


Lower Oil Prices Hurt U.S. Shale Drillers

A renewed drop in oil prices has put U.S. shale drillers at risk of losing crucial sources of funding. read more


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