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US oil sector sees tentative recovery
Some low-cost drilling basins are picking up
Published Sun, Jan 8, 2017 · 09:50 PM
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 even while others remain depressed.
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