US: Crude oil production fell 26,000 bpd in May to 12.108 million bpd
|The US Energy Information Administration (EIA) recently reported that crude oil production in the US declined by 26,000 barrels per day in May to 12.108 million barrels per day.
The EIA further reported that April's reading got revised down by 28,000 barrels per day to 12.134 million barrels per day.
This data doesn't seem to be impacting crude oil's market valuation. As of writing, the barrel of West Texas Intermediate was trading at $58.50, adding 0.25% on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.