U.S. oilfield firm Halliburton Co (HAL.N) on Tuesday posted its third consecutive quarterly profit and said customer spending in the United States could jump 20% 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% 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. Brent oil futures are trading around $84.4 a barrel, up about 63% so far this year, while benchmark U.S. crude is at roughly $82.5 a barrel, up 70% over the same period. “I see a multiyear upcycle unfolding. Structural global commodity tightness drives increased demand for our services, both […]