Investing.com - U.S. shale producers may be the main beneficiaries of any OPEC deal to cut output.
If OPEC today does reach an accord to curb output to stabilize prices that could encourage more shale production.
That in turn could eventually offset the positive impact on crude prices of any OPEC deal.
Shale producers have reduced production costs to as low as $15 a barrel in some cases.
Number of rigs operating in the U.S. has risen of late to stand at 474, according to Baker Hughes .
Trump presidency may back domestic oil supply security for geopolitical reasons.
(NYSE:GE) plans to combine its oil-related operations with (NYSE:Baker Hughes) in $32 bn deal.
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