U.S. crude continued to sink Tuesday after plunging on Monday to its third-worst single-day fall since the oil bust unceremoniously began in June 2014, under pressure from the threat of financial disaster in Greece and China and the potential Iran nuclear deal.
Oil and gas producers could boost their annual spending to $165 billion in the United States as conflicts in Iraq and elsewhere send crude prices higher, according to a report released by Barclays on Wednesday.
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