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Daniel Yergin: Expect US oil drillers to raise output by more than 500,000 barrels a day this year

Pulitzer prize–winning oil analyst Daniel Yergin appears to be feeling more confident that American drillers can boost output in 2017.

“We’re expecting this year to see U.S. production probably increase from beginning to end by more than 500,000 barrels a day,” the vice chairman of IHS Markit told CNBC’s “Squawk Box” on Thursday.

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