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Shale fracking crews return to work

The number of active US hydraulic fracturing crews has rebounded to 78 last week after reaching a low of 45 in May, according to industry consultant Primary Vision. Even though demand for frack work is gradually recovering, the landscape remains "oversupplied" and "overcrowded," said B Riley FBR analyst Thomas Curran, who notes that "the supply excesses will take time to purge."

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