Oil prices are the highest they have been in months, but that likely will not tempt most US upstream companies into spending more for 2020, according to two US shale pioneers and other experts, who say prices would need to be substantially higher for E&Ps to loosen their purse strings to further grow their operations. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Crude futures rallied early Friday, with the market factoring in heightened geopolitical tension following a US airstrike in Iraq which killed a leading Iranian general. NYMEX front-month crude rallied $2.42 to $63.60/b, before slipping back below $63/b in afternoon trade. “The US independent will not increase their capex or rig count due to this event or more serious […]