As drillers hunker down, Wall St sees quicker oil price bounce

HOUSTON: There is a growing disconnect between Houston and Wall Street over when slumping oil prices will recover.

Beaten down by a seven-month rout that slashed crude prices from over $147 a barrel last summer to $42 a barrel, producers are bracing for oil to remain at about $60 a barrel for as long as the next five years or so, according to executives gathered this week at the industry's biggest annual conference.