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Banks, private investors pouring more money into oil, gas firms

Bankers have provided $40.6 billion worth of new loans to US oil and natural gas companies in the first quarter of 2017, up 7% over the same time last year, while private investors and capital markets supplied an additional $41 billion, according to Petroleum Listing Service. Lines of credit have also been lifted from a maximum of around $600 million in 2016 to between $1.5 billion and $2 billion in a sign that lenders have turned cautiously optimistic about the prospects of the sector amid higher oil prices and stronger profits.

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