Oil
The continued domestic oil boom is increasing the U.S. oil supply even as demand declines due to greater fuel efficiency, a move away from oil heat, and a shift to natural gas. That’s putting long-term pressure on the price of oil and the gas it produces. The U.S. Energy Information Administration expects prices for a barrel of West Texas Intermediate Crude Oil about 3 percent to $95 per barrel, and gas prices to decline about 2 percent to $3.42 per gallon.
