U.S. Markets close in 5 hrs 30 mins

US Oil Production Might Kill Any Upside in Oil

Rabindra Samanta
US Oil Production Might Kill Any Upside in Oil

In the next quarter, the US crude oil production might rise—an important factor that might kill any upside in oil prices. For the week ending June 7, US crude oil's weekly production was near its record high of 12.3 MMbpd.