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IEA: Investing in U.S. shale oil increased more than 50% in 2017

After two years of sharp declines in oil production and investment, the industry is finally showed a rebound in 2017 and it all comes down to funds spike invested in projects for the extraction of U.S. shale oil.

The report on Tuesday, the International Energy Agency predicts a 53% investment growth this year, while oil prices are trying to break $50 per barrel.

Investment in the oil industry began to significantly decline two years ago, when oil prices fell from above $100 per barrel, and the oversupply in the market led to its destabilization. That just slowed the United State shale production.

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