Oil Is Above $70, but Frackers Still Struggle to Make Money

Published: 18/05/2018
Oil Is Above $70, but Frackers Still Struggle to Make Money
Source: WWW.WSJ.COM

American shale drillers are still spending more money than they are making, even as oil prices rise. Only five of the top 20 oil companies that focus mainly on fracking managed to generate more cash than they spent in the first quarter.

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