Saturday, 23 June 2018
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U.S. shale firms miss out on $70 oil after hedging at $55

Added: 13.06.2018 16:00 | 0 views | 0 comments

NEW YORK (Reuters) - Many top U.S. shale oil producers are missing out on the rally in oil prices to more than $70 a barrel - because they sold their oil through futures contracts at about $55 last year when that looked like a good deal. Now, it looks cheap.

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