A major financial company just lowered its five-year forecast for the oil price ceiling, as the U.S. continues to increases its oil production, Axios reported Friday. Citigroup is projecting that over the next five years, oil prices will not rise above $60 a barrel, down from the previous forecast of $65 a barrel.
http://dailycaller.com/2017/08/18/us-fracking-keeps-pushing-oil-price-forecasts-down/