| The explosion of U.S. oil output won't push prices much lower, according to analysts at RBC Capital Markets. They forecast West Texas Intermediate oil prices will trade largely between $92 and $94 this year and next, CNBC reports. March WTI settled at $99.88 Friday.
U.S. oil production has soared by almost 50 percent from its 2008 low, to 8 million barrels per day. Thanks to the shale boom, output could increase by at least 700,000 barrels per day each year through 2016, according to RBC, CNBC reports...............................................Full Article: Source
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