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U.S. Oil Exports Jump to Record as Shale Production Booms

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The U.S. exported a record amount of crude oil in November after a five-year run of production growth that has made the country the most oil-independent in 20 years.

Shipments surged 34 percent to average 502,000 barrels a day in November, the most on record dating back to 1920, data from the U.S. Census Bureau and the Energy Information Administration show. The previous peak was 455,000 in March 1957. The U.S. is now the 17th-largest exporter.