Tag Archives: Bloomberg

Schlumberger Joins Halliburton in Calling Bottom of Oil Downturn

July 21, 2016 — 3:16 PM CDT Updated on July 22, 2016 — 11:06 AM CDT The world’s two largest providers of oilfield drilling and fracking services have now declared that the worst may be over in the two-year-old oil market crash. Schlumberger Ltd. said Thursday that the oil industry appears to have reached the […]

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Oil Rises Most in a Week as U.S. Crude Surplus Seen Easing

(Bloomberg) — Oil advanced the most in a week as a drop in U.S. crude stockpiles bolstered speculation that the country’s surplus is easing. Futures climbed as much as 2.4 percent in New York to the highest in four days. Crude inventories shrank by 2.9 million barrels in the week ended June 12, the industry-funded […]

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