Oil prices slide after U.S. drillers add rigs

Crude was down slightly on Friday as expectations OPEC and other producers will extend their production cut agreement were offset by U.S. drillers adding the most oil rigs in a week since June, indicating output will continue to grow.

US oil dominance has an expiration date

The good times for U.S. oil producers won’t last for long, with the Organization of the Petroleum Exporting Countries (OPEC) forecasting in its 2017 World Oil Outlook (WOO) that U.S. tight oil output will peak in 2025.