OIL: US Crude Production Stable Despite Falling Rig Count
Apr-12 15:08By: David Lee
US
Weekly EIA data showed US crude production remains at the recent high of 12.3mbpd having held at or above 12.2mbpd since the start of the year.
- The stable crude production has come despite a drop in oil rig counts of 31 or 5% since the end of December.
