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Permian Basin drilling slowdown should support oil prices, Goldman Sachs says (USO:NYSEARCA)

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Might 24, 2025 8:05 PM ETUnited States Oil Fund, LP ETF (USO), XLEAES, UCO, FCEL, LEU, HP, GPRE, SSL, DBO, WLK, UUUU, UNG, FCG, USL, UEC, SBSW, SCO, UNL, BNO, LTBR, CTGO, ENPH, BOIL, KOLD, SEDG, GUSH, DRIP, RUN, VVPR, SEI, USOI, CO1:COM, NG1:COM, CL1:COM, UROY, BROG, SLSR, MAXN, TMC, SMR, PPTA, OKLO, FTCI, ASPI, NNE, ELPW, VGBy: Carl Surran, SA Information Editor

SlavkoSereda/iStock by way of Getty Pictures

A slowdown in drilling actions within the Permian Basin ought to present underlying help to crude oil costs, Goldman Sachs stated in its most up-to-date vitality word this month.

The financial institution stated whole U.S. rig and frac unfold counts – referring to the quantity



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Tags: BasindrillingGoldmanOilPermianpricesSachsSlowdownsupportUSONYSEARCA
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