Oil crash means more misery ahead for US shale producers

New York (AFP) – An unprecedented crash in oil prices is adding pressure to already stressed US producers, threatening key shale regions and putting vulnerable companies at risk of going under.A day after US oil futures closed in negative territory for the first time ever, US President Donald Trump on Tuesday ordered his administration to come up with a plan to aid embattled producers, saying on Twitter, “We will never let the great U.S. Oil & Gas Industry down.”But it was unclear exactly what further steps were available to Trump — who has already announced plans to buy oil off the glutted m…

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HEDGE accordingly