The Traderszone Network

Published in TZ Latest News 31 May, 2015 by The TZ Newswire Staff

The U.S. oil fracker’s dilemma: crouch or pounce?

U.S. shale oil producers, having weathered the worst price plunge in their industry’s brief history, now face a dilemma: whether to stay in a defensive crouch after slashing their rig fleets, or start drilling more wells to capture a partial recovery in prices. The U.S. oil rig count, after being sliced by more than half since November as producers cut spending, appears to have nearly bottomed out, analysts say.