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Rising Oil Prices Encourage Shale Producers, Dissuade Investors
2016-06-12 18:39:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: The oil market just hit a yellow light. Crudes advance of more than 90 percent from a 12-year low earlier this year has U.S. shale producers starting to return to their drilling rigs, threatening to slow further gains. "The $50-to-$60 a barrel area is the sweet spot," said Mark Watkins, the Park City, Utah-based regional investment manager for The Private Client Group of U.S. Bank, which oversees $128 billion of assets. "You start to have producers come back at $50, but a lot of them come...
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