Oil prices may be “artificially Very High,” as Donald Trump alleged last week, but that hasn’t boosted an industry that should be a key beneficiary. On Monday morning Halliburton rounded out first-quarter earnings season for the world’s three largest oil-field-services companies. Like its brethren, Schlumberger and Baker Hughes, a General Electric company, it struck an upbeat tone. With international benchmark oil prices hovering near $75 a barrel, near their highest level since 2014, it would be hard to imagine otherwise.

Source: Wall Street Journal April 23, 2018 16:05 UTC