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Crude Output Exceeds Imports for First Time in 16 Years

U.S. domestic crude-oil production exceeded imports last week for the first time in 16 years, a government report showed.

Output was 32,000 barrels a day higher than imports in the seven days ended May 31, according to weekly data today from the Energy Information Administration, the Energy Department’s statistical arm. Production had been lower than international purchases since January 1997.