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NEW YORK (AP) — A large painting from one of Willem de Kooning's most productive periods is going on the auction block in the fall. Christie's is offering "Untitled XXV" in New York on Nov. 15, where it believes it could realize around $40 million.
By Liz Hampton and Terry Wade HOUSTON (Reuters) - It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production on Wednesday in a move that lifted low prices ravaging their budgets. The agreement effectively establishes a floor on prices near $50 a barrel - around where many U.S. shale oil companies can make money and drill new wells. "This gives U.S. producers more confidence,” said James West, partner at the investment firm Evercore ISI in New York.