US Crude Production Tops 9 Million Barrels As Rig Count Hits 16-Month Highs
The US oil rig count rose once again this week (up 5) to 602 - the highest since October 2015.
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US crude production is surging - back above 9 million barrels/day in the last week - the largest since April 2016.
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The lagged response to rig count builds implies considerably more production to come.
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Thanks Tyler
Thanks Tyler