EIA: 2017 U.S. crude oil production to rise by 380,000 bpd (vs 370,000 bpd gain previously)

Reporting its monthly short-term energy outlook, the Energy Information Administration said that it was forecasting the U.S. crude oil output to rise by 780,000 barrels per day (bpd) to 10.02 million bpd in 2018.

Key highlights (via Reuters)

2018 U.S. crude oil production to rise by 780,000 bpd (vs 720,000 bpd gain previously).

2017 U.S. oil demand growth unchanged at 160,000 bpd.

2018 U.S. oil demand growth unchanged at 410,000 bpd