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Rodent

US Oil Production Increases

Rodent in Oil (General)

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Rodent    + 1,424

Rodent

I think this makes 11 of the last 12 weeks for increasing US crude oil production, with the last week of the year being the second highest production level in 2017 for the US. This, despite two weeks of rig count declines. Now that prices have been up for weeks, I would expect rigs to be added within a month or two. Then... watch out OPEC.

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