Real Assets
The global oil market has been closely watching U.S. output, which may continue to contribute to global oversupply. : NEW YORK, Jan 16 (Reuters) - U.S. oil output is expected to continue to rise in February with production from shale rising by 111,000 barrels per day (bpd) to 6.55 million bpd, the U.S. Energy Information Administration said on Tuesday. The global oil market has been closely watching U.S. output, which may continue to contribute to global oversupply even as OPEC members, Russia and other producers curb production.