Rising Oil Prices Encourage Shale Producers, Dissuade Investors

  • Shale pioneer Hamm says Continental fracking unfinished wells
  • WTI crude touched 10-month high of $51.67 a barrel on June 9

Oil Market Sees Rising Prices, Production, Demand

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The oil market just hit a yellow light.

Crude’s advance of more than 90 percent from a 12-year low earlier this year has U.S. shale producers starting to return to their drilling rigs, threatening to slow further gains.