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20 Jul 2020

Oilpatch is living in limbo with oil at $40 US per barrel

Author: admintech | Filed under: Finance/ Money
oil pumpjacks

Following the brutal price crash in the spring, the mood in the oilpatch has improved as prices stabilize around $40 US per barrel. Still, that price means different things to different companies, with some beginning to turn on the taps to produce more oil and others still struggling mightily.