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Halliburton says the economy will recover... eventually.
- Enthusiasm to be tested in US shale auction.
The oil economy will recover... eventually. That was the word Wednesday from the chairman of the board at oilfield services company Halliburton (HAL), which cut its dividend and enacted a 20% reduction in retainers for front-office brass. Crude oil prices have recovered substantially from a dip into the upper teens. WTI, the US benchmark, survived a contract expiration without a repeat of last month's disaster of negative pricing and some shale producers are back in action. Refiners, meanwhile, are