What Will Shale Producers Say About Latest Oil Drop?

Last week BP (BP) said that it expects oil prices to stay lower for longer, potentially disrupting plans by EOG Resources (EOG) and other U.S. shale companies to start drilling again if oil hits $65 to $70 a barrel. As oil prices rallied earlier this year, several U.S. producers were upbeat about prospects for reviving activity. But prices have since come back down due to a strong dollar and the nuclear deal with Iran, which claims that it can

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