OPEC cuts supply forecast for U.S. oil

September 14, 2015 1:00 PM

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OPEC cuts supply forecast for U.S. oil

U.S. oil production has shown signs of slowing, OPEC says

The Organization of the Petroleum Exporting Countries cut its forecast of oil supplies from nonmember countries in 2015, a sign that crude’s price collapse is hitting U.S. shale drillers and other competing sources.

Also read: Oil prices hold gains after surge on OPEC output deal

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