You are here

US oil sector sees tentative recovery

Some low-cost drilling basins are picking up

BT_20170109_KVOIL9B_2681193.jpg
Sentiment got a boost from the Nov 30 agreement by Opec to cut production to address a supply glut.

New York

THE US oil industry is feeling guarded optimism going into 2017 as it pivots from a brutal two-year slump prompted by crashing crude prices.

As the new year kicks off, industry insiders describe a tentative recovery, with some low-cost drilling basins starting to pick up

sentifi.com

Market voices on:

Powered by GET.comGetCom