Home Stocks EIA forecasts drop in U.S. oil production as drilling slows due to lower prices (USO:NYSEARCA)

EIA forecasts drop in U.S. oil production as drilling slows due to lower prices (USO:NYSEARCA)

by Deidre Salcido
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SlavkoSereda/iStock via Getty Images

U.S. crude oil production likely will fall over the next year-and-a-half as producers cut back on drilling activity in response to lower oil prices, the U.S. Energy Information Administration said Tuesday.

In its monthly Short Term Energy Outlook, the EIA

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