In economic news:

BMI Research, a London-based industry and financial market research firm,  says that after two years of slashing investments, oil companies are expected to spend 2.5 percent more on capital expenditures in 2017 than they did this year. Further, BMI expects spending to increase by another 7 percent to 14 percent in 2018, but it will remain well below the $724 billion spent in 2014, before the worst oil crash in a generation caused firms to cut back on drilling and exploration to conserve cash.

Read more via Baton Rouge Business Report here.

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