U.S. Markets close in 5 hrs 43 mins

U.S. shale output seen hitting record 6.95 million bpd in April


NEW YORK (Reuters) - U.S. crude production from major shale formations is expected to rise by 131,000 barrels per day in April from the previous month to a record high 6.95 million bpd, the U.S. Energy Information Administration (EIA) said in a monthly productivity report on Monday. That expected increase