US administration's policy worries US oil companies

A survey conducted by the Dallas Federal Reserve among 139 chief executives of US oil companies reveals their concern. The tariffs introduced by the US administration are increasing the cost of drilling. The slowdown in growth caused by the change in direction of US trade policy is weighing on oil prices, making the equation much more complicated for US producers of unconventional oil. The WTI index has fallen below $65 a barrel, the price below which the industry is losing money. US production of unconventional oil could fall as early as the end of the year.