Oil at $80 a Barrel Muffles Forecasts for U.S. Shale Boom

The bear market in oil has analysts reassessing the U.S. shale boom after five years of historic growth. The U.S. benchmark price dropped to $79.78 a barrel on Oct. 16, the lowest since June 2012. At that level, one-third of U.S. shale oil production would be uneconomic, analysts for New York-ba…

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Oil at $80 a Barrel Muffles Forecasts for U.S. Shale Boom

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