U.S. crude oil production decreases during the week ending June 5, U.S. Energy Information Administration (EIA) said Wednesday.
According to the EIA, U.S. crude oil production averaged 11.1 million barrels per day (b/d) last week, down by 100,000 b/d from previous week and down by 1.2 million b/d this time last year.
Oil prices climbed on Wednesday even after data showed U.S. crude inventories increased last week.
The West Texas Intermediate (WTI) for July delivery rose 66 cents to settle at 39.60 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery advanced 55 cents to close at 41.73 dollars a barrel on the London ICE Futures Exchange.
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