Oil Is Above $70, but Frackers Still Struggle to Make Money

Mony
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American shale drillers are still spending more money than they are making, even as oil prices rise.

Of the top 20 U.S. oil companies that focus mostly on fracking, only five managed to generate more cash than they spent in the first quarter, according to a Wall Street Journal analysis of FactSet data.

Shale companies have helped propel U.S….

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