U.S. projects oil output to fall nearly two million bpd, driven by free market

WASHINGTON (Reuters) - U.S. oil companies are expected to reduce oil output temporarily by nearly 2 million barrels per day as lower crude prices force companies to cut back operations, the U.S. Energy Department said on Tuesday."The private sector and the free market are driving those cuts," the department said regarding projections in a U.S. Energy Information Administration, or EIA, report.The United States, the world's top oil and natural gas producer, pumped a record more than 12 million..