U.S. oil service results to top last year as investors eye margin outlook @WWW.MCXRESEARCHGURU.COM 88592228259

U.S. oilfield service companies’ second-quarter earnings should easily top last year’s depressed results, but a near 15 percent slide in oil prices since January has weakened the outlook for the second half of the year.

Earnings for suppliers of land drilling rigs, tubing and hydraulic fracturing services in North America, where expanding shale production is driving revenue, are expected to improve over a year earlier. However, international and offshore operations continue to be pressured by low oil prices, analysts and consultants interviewed by Reuters said.

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