OIL INVESTMENTS UP
FT - Oil companies are preparing to ramp up spending this year as the recovery in crude prices gives them confidence to revive some of the projects postponed during the investment freeze of the past two years.
Brent crude has been trading at about $55 per barrel — double the 12-year low hit in early 2016 — after producer nations both inside and outside Opec, the oil producers' cartel, agreed last December to their first output cut for more than a decade.
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