EIA: U.S. Shale Oil Output To Fall By 113,000 Barrels a Day In June

Oil production from seven major U.S. shale plays is expected to fall by 113,000 barrels a day to 4.96 million barrels a day in June from May, according to a monthly report from the Energy Information Administration released Monday. Oil output at the Eagle Ford shale play in South Texas is expected to see the largest decline, down 58,000 barrels in June. The Bakken shale play, which stretches from Canada into North Dakota and Montana, is expected to see output fall by 28,000 barrels a day, the report said. June oil continued to trade higher, up $1.53, or 3.3%, to $47.74 a barrel on the New York Mercantile Exchange.