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US Crude Oil Production: A Big Threat to Crude Oil Prices?

Gordon Kristopher
US Crude Oil Production: A Big Threat to Crude Oil Prices?

The EIA released the weekly US crude oil production data on April 11, 2018. The EIA reported that US crude oil production rose by 65,000 bpd (barrels per day) to a record high of 10,525,000 bpd on March 30–April 6, 2018. The production also increased by 1,290,000 bpd or ~13.9% from a year ago.