EIA forecast puts cloud over oil futures markets in early Thursday trading. UPI/Dennis Van Tine NEW YORK, Nov. 13 (UPI) — Crude oil prices continued their steady decline in Thursday trading after a U.S. administrator said total domestic oil production should increase short-term. West Texas Intermediate, the U.S. benchmark, shed more than $1 early Thursday to trade at $76.18 for the December contract . Crude oil prices have lost more than 20 percent of their value since June. Higher oil production in the United States means one of the world’s leading economy is relying less on the foreign market to meet its energy demands. In an October address on the nation’s economy, President Barack Obama said the country is producing more than it imports for the first time in nearly two decades. A report from the International Energy Agency said U.S. oil production gains should level off at some […]