Higher oil prices due to supply disruptions and increased geopolitical risk are unlikely to generate significantly more U.S. oil production in the short term. However, shale oil producers stand to benefit from hedging and revenue opportunities, based on an analysis of market conditions. Benchmark Brent oil prices surged 19 percent in overseas markets following the attack on the Abqaiq crude oil processing facility and Khurais oilfield in Saudi Arabia on Sept. 14. Oil prices have since retreated, but traders are now watchful of heightened tensions that could send prices higher. If oil prices climb further in the ... (full story)