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U.S. Shale Producers Stick To Output Discipline

Despite a strong rebound in oil prices, seeing them hit three-year highs, U.S. shale oil producers are sticking to their output discipline, Reuters reports, citing rig count data and industry insiders. While West Texas Intermediate has passed the $70-per-barrel mark that makes a lot more shale output profitable, producers are wary of bringing back too much production too quickly.

Under other circumstances, drillers would have been adding rigs consistently, but this year, the rig count has been swinging between weekly additions and declines, according…

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