US crude oil production jumps to record high of 13.3 million barrels per day

Last week, US oil production reached a new historic high, hitting 13.3 million barrels per day.

This surpasses the previous record set in November at 13.2 million barrels per day and exceeds the pre-pandemic peak of 13.1 million barrels in February 2020.

The consistent growth in US oil production has played a significant role in keeping prices in check.

Despite geopolitical tensions in the Middle East and a robust US economy, the commodity has experienced an 8% decline year-to-date.

This trend has benefited consumers at the pump, as the average gas price has steadily decreased to $3.12 per gallon, according to the latest data from AAA, Yahoo News reported.

READ MORE: https://finance.yahoo.com/news/chart-day-us-crude-oil-044740808.html

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