| The benchmark U.S. oil price jumped to a 2015 high on Tuesday, on fresh signs the nation’s production is on the brink of a decline. The U.S. Energy Information Administration said U.S. crude-oil output, which hit a 42-year high in March, would peak in April and May before falling from June to September.
The forecast comes a day after analysts at Goldman Sachs predicted production would peak this month. These estimates reinforce the view that the boom in U.S. oil output, which helped drive a more than 50% plunge in oil prices in 2014, will ease this year. That situation could set the stage for a period of relative price stability, investors and analysts say...............................................Full Article: Source
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