CME - Oil: Is Climbing U.S. Production About to Peak?

August 23, 2017 8:48AM CDT

CME Oil Article

 

Highlights

  • Number of U.S. oil rigs in operation stopped growing in July
  • Output could still rise over next few months before falling
  • U.S. oil production could soon peak at about 9.75 million barrels per day
  • Declining U.S. inventories could support prices over the long term 

 

CME Click Here

 

 

CME Video

RJO Futures | 222 South Riverside Plaza, Suite 1200 | Chicago, Illinois 60606 | United States
800.441.1616 | 312.373.5478

This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.