U.S. Oil Production Falls For 3rd Time In 4 Weeks

April 22, 2015 4:35 PM

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U.S. Oil Production Falls For 3rd Time In 4 Weeks

Domestic oil production fell for the second straight week and the third time in the past four weeks, potentially signaling the start of the long-awaited retreat in U.S. output.

The Energy Information Administration's weekly report showed production hit 9.37 million barrels a day last week, a drop of 18,000 barrels from the prior week.

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