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The flurry of dealing kicked off when prices pierced $45 per barrel earlier in April. While it was not clear if oil prices will remain at current levels, it may also be a sign producers are preparing to add rigs and ramp up output. This week, Pioneer Natural Resources Co , a major producer in the Permian shale basin of West Texas, said it would add rigs with oil prices above $50 per barrel.
NEW YORK (AP) — It was a day of sadness for Orthodox worshippers who celebrated Easter at a historic church in Manhattan on Sunday, just hours before it was destroyed in a raging fire that sent plumes of smoke billowing into the skyline.