Crude Production Surges Above 9 Million Barrels a Day
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U.S. crude production climbed above 9 million barrels a day last week for the first time in at least 31 years because of the shale boom.
Output rose 1 percent to 9.06 million barrels a day, the most since at least January 1983, when the weekly data series from the Energy Information Administration began. The EIA has monthly data going back to 1920 and that shows production is at the highest level since February 1986.