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US Oil Production Steady for the Third Straight Week

Gordon Kristopher
US Oil Production Steady for the Third Straight Week

The EIA (U.S. Energy Information Administration) reported that the US crude oil output was steady at 10,900,000 bpd (barrels per day) on June 22–29. The output was steady at a record high level for the third straight week. The US crude oil output increased by 1,562,000 bpd or ~16.7% year-over-year.