EIA increases 2017 U.S. crude output forecast, lowers 2018 - Reuters

Eren Sengezer FXStreet

Key highlights from EIA's Short-Term Energy Outlook report, via Reuters:

2018 U.S. crude oil production to rise by 650,000 bpd (vs 680,000 bpd previously)
2017 U.S. crude oil production to rise by 440,000 bpd (vs 350,000 bpd previously)
2018 U.S. oil demand growth by 300,000 bpd (vs 340,000 bpd previously)
2017 U.S. oil demand growth by 290,000 bpd (vs 250,000 bpd previously)

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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