US production highest since March 1988
Brent averaged $110 per barrel in May, the 11th consecutive month it was in $107-$112/barrel range; WTI averaged $102 in May
U.S. crude oil production averaged almost 8.4 million barrels per day in May, the highest monthly average since March 1988, the U.S. Energy Information Administration said in its June 10 Short-Term Energy Outlook.
“U.S. crude oil production in May increased to the highest output for any month in 26....
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Brent at $110
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