U.S. crude oil production decreased during the week ending April 10, the U.S. Energy Information Administration (EIA) said Wednesday.
According to the EIA, U.S. crude oil production averaged 12.3 million barrels per day (b/d) last week, down by 100,000 b/d from the previous week and up by about 200,000 b/d year-on-year.
Oil prices extended losses on Wednesday after data showed a hard hit to crude demand as a result of virus-related lockdowns.
The West Texas Intermediate for May delivery decreased 0.24 U.S. dollar to settle at 19.87 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery fell 1.91 dollars to close at 27.69 dollars a barrel on the London ICE Futures Exchange.
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