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U.S. shale oil output forecast to climb by 131,000 barrels a day in April: EIA

“Shale crude-oil production from seven major U.S. oil plays is expected to see a climb of 131,000 barrels a day in April to 6.954 million barrels a day, according to a report from the Energy Information Administration released Monday” writes Markets Commodities Reporter for marketwatch.com. Oil output from the Permian Basin, which covers parts of western Texas and southeastern New Mexico, is expected to see the largest climb among the big shale plays, with an increase of 80,000 barrels a day. April West Texas Intermediate oil CLJ8, -1.14% was down 80 cents, or 1.3%, to $61.80 a barrel on the New York Mercantile Exchange.
 
Source: marketwatch.com



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