DENVER (Reuters) - As oil climbs above US$70 a barrel for the first time in almost three years, oilfield firms are reporting prices for their services and equipment have bottomed and many are fielding more calls for jobs.
U.S. crude production, which plummeted during the coronavirus pandemic, is ticking back up, despite generally flat spending by oil and gas producers. U.S. shale output is expected to rise by 38,000 barrels per day next month, halting earlier drops.
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