United States crude oil production was unchanged during the week ending June 26, United States Energy Information Administration (EIA) said Wednesday.
According to the EIA, United States crude oil production averaged 11.0 million barrels per day (b/d) last week, the same as previous week and down by 1.2 million b/d this time last year.
Oil prices climbed on Wednesday after data showed a hefty drop in United States crude inventories. The West Texas Intermediate for August delivery gained 55 cents to settle at 39.82 United States dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery advanced 76 cents to close at 42.03 dollars a barrel on the London ICE Futures Exchange.
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