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US crude oil output touches 11 million barrel a day for first time ever

Updated : July 19, 2018 06:22 AM IST

The gains represent a rapid increase in output, as the data, if confirmed by monthly figures, puts the United States as the second largest producer of crude oil, just behind Russia.
The United States has added nearly 1 million bpd in production since November, thanks to rapid increases in shale drilling.
US crude was down 55 cents to $67.51 a barrel, while Brent dropped 39 cents to $71.77 a barrel.
US crude oil output touches 11 million barrel a day for first time ever
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