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<Commodity>US EIA Raises 2027 Oil Production Forecast; Oil Prices Deepen Decline to 15%
The US Energy Information Administration (EIA) released a short-term energy outlook report on Tuesday, in which it raised its forecast for domestic oil production next year. US cru...
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<Commodity>US EIA Raises 2027 Oil Production Forecast; Oil Prices Deepen Decline to 15%
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The US Energy Information Administration (EIA) released a short-term energy outlook report on Tuesday, in which it raised its forecast for domestic oil production next year. US crude oil daily production is now estimated to increase by 220,000 barrels to 13.83 million barrels by 2027.

Oil prices deepened their slide to 15% on Tuesday. New York oil futures for April delivery last dropped by 15% or USD14 to USD80.8, while Brent oil futures for May delivery fell by USD14 or 14.1% to USD85.1.

Related NewsInitial Jobless Claims for Mar/28 in the United States is 202K, lower than the previous value of 211K. The forecast was 212K.

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