U.S. Cuts Crude Output Forecast as Rout Weakens Shale Boom

Updated on
  • Gasoline price seen falling to $2.03 a gallon by December
  • Brent crude price projections trimmed for this year, 2016

The collapse of oil prices will have a slightly bigger impact on U.S. crude production this year and the next than previously estimated, the Energy Information Administration said.

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