Oil prices keep gaining on hopes U.S. shale supply has peaked

April 14, 2015 7:20 AM

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Oil prices keep gaining on hopes U.S. shale supply has peaked

Crude-oil futures extended gains Tuesday on expectations that U.S. shale oil production has peaked and may start falling.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in May CLK5, +1.12% climbed 45 cents, or 0.9%, to $52.36. May Brent crude on London’s ICE Futures exchange LCOK5, +0.83% rose 37 cents, or 0.6%, to $58.30 a barrel.

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