US oil boom could decline by year end – OPEC

The OPEC group, in its monthly report, has said that the US oil production could start declining by year end due to high cost and a potentially sustained lower oil price.
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US industrial production falls, labour market/activity divergence intensifies – ING

James Knightley, Senior Economist at ING, reviews the US Industrial Production data release, and further comments that January’s 0.5% downward revision was more disappointing than February’s 0.1% rise (consensus at 0.2%).
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