Tuesday, August 9, 2016

UPDATE 1-EIA sees smaller drop in U.S. 2016 crude output as drilling picks up

NEW YORK, Aug 9 (Reuters) - The U.S. Energy Information

Administration said on Tuesday that it expects a smaller decline

in U.S. crude oil production in 2016 than it forecast a month

ago as an uptick in drilling will lead to more output later this

year.

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