EIA increases the 2017 U.S. crude oil production forecast, lowers this for 2018 — Reuters

FXStreet — Key points of the EIA report for the short-term energy Outlook, via Reuters:

2018 U.S. crude oil production increases by 650K barrels/day (previously 680K bbl/day)
In 2017, U.S. crude oil production will increase to 440K barrels/day (previously 350K Barrel/day)
2018 US demand for crude oil increases by 300K barrels/day (previously 340 K barrels/day)
2017 US demand for crude oil is rising to 290K barrels/day (previously 250 K barrels/day)

** FXStreet News Editorial, FXStreet**

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