NEW YORK (Reuters) – U.S. crude oil output fell to 12.78 million barrels per day in December from 12.86 million bpd in November, the U.S. Energy Information Administration (EIA) said in a monthly report on Friday.
U.S. crude production has soared due to technological advances for production from shale formations. Despite the decline in December, weekly production data from the EIA suggests that crude output has risen in January and February, setting a fresh record of 13 million bpd.
(Reporting By Jessica Resnick-Ault; Editing by David Gregorio)
