U.S. crude oil production decreases last week: EIA

Source: Xinhua| 2020-05-21 06:34:48|Editor: huaxia

HOUSTON, May 20 (Xinhua) -- U.S. crude oil production decreased during the week ending May 15, U.S. Energy Information Administration (EIA) said Wednesday.

According to the EIA, U.S. crude oil production averaged 11.5 million barrels per day (b/d) last week, down by 100,000 b/d from the previous week and down by 500,000 b/d this time last year.

Oil prices gained on Wednesday after data showed a surprise drop in U.S. crude inventories.

The West Texas Intermediate for July delivery rose 1.53 U.S. dollars to settle at 33.49 dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery was up 1.10 dollars to close at 35.75 dollars a barrel on the London ICE Futures Exchange. Enditem

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