From Myra P. Saefong
: The U.S. Energy Information Administration trimmed its forecasts for U.S. crude production for this year and next and lifted its 2019 forecasts for U.S. and global benchmark oil prices, according to its Short-term Energy Outlook report released Tuesday
. The EIA forecasts 2019 U.S. crude production of 12.3 million barrels a day, down 0.9% from the February forecast. It also lowered its 2020 output view by 1.3% to 13.03 million barrels a day. For 2019, the government agency lifted its West Texas Intermediate crude price outlook by 2.4% to $56.13 a barrel and its Brent view by 2.9% to $62.78. May Brent LCOK9, +0.20%
was up 20 cents, or 0.3%, at $66.78 a barrel. April WTI CLJ9, +0.30%
added 35, or 0.6%, to $57.14 a barrel.