EIA sees a slight dip in US share production in August

<p>The EIA sees US share regions producing 9.399 million barrels per day in August, down 18,000 barrels per day after a 5,900 bpd rise in July.</p><p>The evidence continues to mount that we're at the peak of US shale supply and that it will be tough to sustain later in the decade, barring a drilling technology breakthrough.</p><p>WTI crude oil is down $1.36 to $74.07 as Libyan production resumes after a short blockade and the market worries about Chinese demand.</p>

This article was written by Adam Button at www.forexlive.com.