Manufacturing was rebounding. Oil producers invested in developing oil wells in Ohio's Utica Shale in 2021 and 2022 that laid the groundwork for the record production in 2023, aided by technology ...

U.S. Energy Secretary Chris Wright thinks the shale industry will be able to tide over the recent plunge in crude oil prices.

Commodities analysts estimate that U.S. crude needs to stay above $65 per barrel to keep shale producers in business.