11-02-2015 01:46 via bakersfieldcalifornian.com

Federal outlook sees low oil prices continuing

A new federal forecast predicts oil prices won't rise significantly this year as production levels remain high and international demand stays weak.
The U.S. Energy Information Administration's Short-Term Energy Outlook, released Tuesday, says the national oil benchmark, West Texas Intermediate, will average $55.02 per barrel in 2015, then increase to $71 in 2016.
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