Oilfield firm Halliburton Co. on Tuesday posted its third consecutive quarterly profit and said customer spending in the United States could jump 20 percent next year, as stronger oil prices and drilling activity boost demand for services and equipment.
Oil prices have rallied to multi-year highs with global crude futures climbing 4.5 percent in the quarter ended Sept. 30, helped by OPEC+’s decision to maintain its planned output increase rather than raising it on global supply concerns.
