Comment re todays oil price move from Reuters.The 3% gain today was Brent's most since June with the focus on U.S. shale. "The market clearly got a little overdone to the downside and now it's coming back up, proof that there will be a response from the shale patch to these low prices," said John Kilduff partner at energy hedge fund Again Capital in New York. "Several shale companies are already reporting capital expenditure reductions for next year as their profit margins get thinned out." On Wall Street, shares of some shale energy companies took a beating for the second straight session , falling more than 7%.