U.S. SHALE RECOVERY
BLOOMBERG - As OPEC+ producers head toward a consensus on extending output curbs, oil's rally is prompting some U.S. producers to open their taps once again.
Futures settled at their highest since March 6 on Tuesday, the day the Saudi-Russian alliance broke down just as a global pandemic dimmed the outlook for demand. Oil's rebound over the past month brings back concerns that Russia could again hesitate to extend output cuts, with rival shale producers signaling they are ready to re-open wells that were shut during the market's collapse.
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