Bankers' fading fear of oil lending is boon for shale
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Washington
WALL Street banks' growing optimism about the energy industry is the latest boost for US oil and natural gas producers already enjoying higher prices.
JPMorgan Chase & Co, Wells Fargo & Co and Citigroup Inc said on Thursday in their first-quarter earnings results that rising oil prices have helped them free a combined US$370 million they previously set aside to cover bad loans.
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