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US oil and gas firms are ready to spend as confidence grows, survey says

David Reid

Around the world, confidence is growing in the oil and gas sector. Brent crude has fallen almost 30 percent since climbing to a peak of $86.29 in early October last year, while WTI is down more than 31 percent over the same period. Executives in the U.S. oil and gas industry are said to be much more optimistic about growth in the sector, compared to last year.