U.S. oil production continues to decline, and is now below its year-ago level">U.S. oil production continues to decline, and is now below its year-ago level
(Wed, 09 Mar 2016) U.S. monthly crude oil production in December 2015 continued to decline, as oil production reached its lowest level since November 2014. Production also declined from year-ago levels for the first time in more than four years. This continued production decline is the result of lower crude prices, which have declined more than 70% since the summer of 2014.
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