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US oil output expected to rise in tandem with higher prices


With oil prices on the rise following the OPEC production deal,US output is expected to increase,say analysts at ING.US crude oil production last week reached 8.8 million barrels a day,a 99,000 barrel-a-day weekly increase.Production in the US has been edging higher over recent months,up 300,000 barrels a day from levels at the end of September 2016.Given the higher prices,ING expects US output to continue increasing in the coming months.