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14:12 Brent steady above $61 as companies cut upstream investments

2014-12-18 11:08:53| Energy - Topix.net

Brent crude held steady above $61 a barrel on Thursday, bringing a sharp drop in prices to a temporary halt as companies are forced to cut upstream investments around the world, reports Reuters. Chevron Corp has put a plan to drill for oil in the Beaufort Sea in Canada's Arctic on indefinite hold, while Marathon Oil cut its capital expenditure for next year by about 20 percent.

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