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Why Oil Production Is Increasing, Despite the Oil Glut

Despite weekly declines in the number of working rigs in the American market (now at the lowest levels in some six years) and rising cuts in capital commitments for new projects, the market surplus in oil is once again rising. Crude oil prices are languishing in the face of what is projected to be another build in U.S. production stockpiles. Given all that has been said about an oil glut, why is oil production continuing? Here's what you need to know... Tags: Crude Oil Prices , oil market , Oil Prices , oil production , oil sector , Oil supply To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why Oil Production Is Increasing, Despite the Oil Glut appeared first on Money Morning - We Make Investing Profitable .
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