IEA Sees U.S. Shale Oil Shrinking in 2016 on Price Slump

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  • Supply set to fall by almost 400,000 barrels a day next year
  • Prices below $50 a barrel are halting drilling activity

Cheap Oil: The Good and Bad for the United States

U.S. shale oil production will drop 9 percent next year as a crude price below $50 a barrel “slams brakes” on years of supply growth, the International Energy Agency said.

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