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Oil Set for 1st Weekly Drop Since March as Drillers Signal Boost

2015-05-08 10:56:44| Oil & Gas - Topix.net

Futures fell as much as 1 percent in New York, extending Thursday's 3.3 percent drop. EOG Resources Inc. said Tuesday it plans to increase drilling as soon as prices stabilize at about $65 a barrel, while other shale-oil companies lifted their production outlook.

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