U.S. shale oil output to rise for 6th straight month in June

U.S. shale production is expected to rise for the sixth consecutive month in June, according to government data, as producers continued to increase drilling activity because of higher oil prices. June output is set to rise by 122,000 barrels per day to 5.4 million bpd, according to the U.S. Energy Information Administration’s drilling productivity report.…