Shares of oil and gas companies ticked down after an international monitor projected a sharp increase in U.S. production. U.S. crude production will likely climb above 10 million barrels a day in 2018, which would top the high set in 1970, eclipsing Saudi Arabia and rivaling the world's largest producer, Russia, the International Energy Agency said Friday in a closely watched monthly oil market report.
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(END) Dow Jones Newswires
January 19, 2018 16:23 ET (21:23 GMT)