CNNMoney | Will US shale ruin the oil party (again)? CNNMoney U.S. shale producers need oil to be expensive enough to give them incentive to pump, and prices have once again reached that sweet spot. The U.S. Energy Information Administration was already forecasting record high U.S. oil production in 2018. Rystad ... Oil hovers near three-year high despite rising US output A short-term correction in oil prices may be on cards Banks Increasingly Think OPEC Will End Supply Cuts as Oil Hits $70 |