North American activity pulls oil prices lower

North American activity pulls oil prices lower New York (UPI) Feb 6, 2017 - Number-crunching on the managed decline agreement from OPEC and a rise in North American drilling put pressure on oil prices early Monday. Oilfield services company Baker Hughes reported a rise in North American exploration and production activity, a metric gauged by rig counts. A recovery in crude oil prices since the middle of last year has brought operators back to expensive basins i ... more

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