EIA increases U.S. Oil production by 2017

FXStreet — the Following are the main points of the short-term energy Outlook, the US energy administration (EIA):

The U.S. Oil production is expected to rise in the year 2018 in order to 650,000 bpd (before 680.000).

The U.S. Oil production is expected to rise in the year 2017 and 440,000 bpd (up to 350,000).

The U.S. oil Demand is expected to grow in the year 2018 to 300,000 bpd (before 340.000)

The U.S. oil Demand is expected to grow in 2017 to about 290,000 bpd (up to 250,000).

** FXStreet News Editorial, FXStreet**

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