Magic number for a new shale surge: USD 60 a barrel, JP Morgan says

According to JP Morgan, US shale producers will not rethink their budgets and increase production until the WTI oil price has stayed above USD 60 for a certain period of time.

BY ALEX NUSSBAUM, BLOOMBERG

For America's shale drillers, the tipping point to boost production looks to be USD 60 a barrel.

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