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Why high prices mean good news for U.S. oil

Sabri Ben-Achour Sep 25, 2018
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Why high prices mean good news for U.S. oil

Sabri Ben-Achour Sep 25, 2018
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The price of oil has hit a four-year high. One reason: Sanctions on Iran may limit that country’s contribution to the oil market. Another: OPEC and Russia don’t want to boost output. These are all good things for American oil, with the U.S. on track to become the world’s biggest oil producer. And yet, the future is still murky for this industry.

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