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OPEC Who? US Crude Oil Production Hits Record High

US Crude oil production shows absolutely no sign of slowing - despite tumbling rig counts - as this morning's data shows the US produced 9.19mm barrels/day last week - the most since records began in 1983.

 

 

Since the OPEC meeting in November, US crude production has only accelerated...

 

The global 'game of chicken' continues.

Charts: Bloomberg