Forbes | It's The Energy, Stupid: How Low Oil Prices Could Reshape Geopolitics - And Drive Peace In Asia Forbes On 22 February, the US crude futures price rose $1.84 to $31.84 a barrel, a 6% increase. The reason: the International Energy Agency (IEA) forecast that US shale oil output could drop by 600,000 barrels per day (bpd) in 2016 and by another 200,000 bpd ... Oil prices slip on doubts potential output cap will erode glut US oil surges 6.2%, closes at $31.48 a barrel Oil price spike is coming – but not for years |