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130 days

U.S. energy secretary says shale industry will 'survive and thrive' despite plunging crude prices

1. U.S. Energy Secretary bullish on shale industry's future amid falling oil prices. 2. Oil price pressures from global demand, tariffs, and excess supply impact shale viability. 3. Goldman Sachs lowered WTI oil price forecasts for 2025 and 2026. 4. Historical low prices triggered innovations in the shale sector in past downturns.

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FAQ

Why Bearish?

Falling oil prices and reduced forecasts negatively impact BNO, which tracks oil index.

How important is it?

Changes in oil prices and industry forecasts significantly affect BNO's investment landscape.

Why Short Term?

Price impacts expected as market reacts to current oil forecasts and supply issues.

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