US Oil Production Just Hit A 25-Year High

The Great American shale boom rolls on.

U.S. oil production is now at levels last seen in September of 1988, according to new EIA data.

The four-week average climbed to 8,041,000 barrels a day, or about 234,000 barrels a month. That’s up from a prior 8,020,000 barrels a day four-week average.

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