Oil price soars well over $50 per barrel as shale producers halt exploration
Warning by energy giant Halliburton Co. that US shale explorers are “tapping the brakes” on drilling has helped to lift oil price to a high of $50.60 per barrel in early trading Wednesday, sending relief to oil dependent economies like Nigeria. That’s the first time since June 6 that Brent crude is trading above $50 […]