U.S. field production of crude oil rose in January to 12.46 million barrels per day, the highest since March 2020, Energy Information Administration data showed on Friday.
U.S. product supplied of crude and petroleum products – a proxy for demand – rose to 19.54 million bpd, highest since November 2022, EIA data showed. Product supplied of finished motor gasoline fell in January to 8.28 mln bpd, lowest in a year.
Source: Reuters (Reporting by Stephanie Kelly and Scott DiSavino)