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Record U.S. crude production weighs on oil prices

Record U.S. crude production weighs on oil prices

Amer­i­can crude oil pro­duc­tion reached a record 11.9 mil­lion bpd in the week end­ing Jan. 11, the Ener­gy Infor­ma­tion Admin­is­tra­tion (EIA) said on Wednes­day, up from 11.7 mil­lion bpd last week, which was already the high­est nation­al out­put in the world.
Source: CNBC RSS

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