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Tag Archives: The Wall Street Journal

Dropping oil prices may hit U.S. fracking firms hard

North American crude is expensive to pump, and the falling oil prices will only make production more difficult.  In the past four weeks, oil prices across the globe have fallen about eight percent.  The U.S. price per barrel closed at $85.77, the lowest it has been since December 2012. According to a recent report by Goldman Sachs Group Inc., $90 ...

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