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US oil 'strippers' keep pumping despite slump

They produce over a tenth of US oil output, enough to affect supply-demand balance and prices

Brent crude dropped below US$35 a barrel to an 11-year low before weekly US government data forecast to show fuel supplies rose in the world's biggest consuming nation.


US "stripper well" operators, the nation's smallest oil producers seen as most likely to succumb to the crude price slump, are hanging in tough, reducing the chances of near-term production cuts needed to rebalance the domestic oil market.

The conventional wisdom is that "...

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