Oil Prices Hit Multi-Month Lows

Oil prices fell to multi-month lows at the end of the week, as a confluence of factors all point in a bearish direction. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)Friday, November 9, 2018 U.S. oil production surges. The EIA reported that U.S. oil production skyrocketed to 11.6 million barrels per day (mb/d) for the week ending on November 2. Despite fears that shale output would plateau because of pipeline constraints, the shale industry is firing on all cylinders.…