NEW YORK (Reuters) – U.S. crude oil production in 2018 was expected to grow at a slower rate than previously forecast amid lower crude prices according to a monthly U.S. government report on Tuesday.o U.S. crude production has climbed dramatically, fueled largely by increased output from shale formations, but may now rise more slowly as prices drop. Output was expected to rise 1.31 million barrels per day (bpd) to 10.68 million bpd in 2018, lower than last month’s forecast of growth of 1.44 million bpd to 10.79 million, according to the U.S. Energy Information Administration. The agency slightly increased its expectation for 2019 production growth to 1.02 million bpd from 1.01 previously. The agency expects crude production to average 11.7 […]