Oil Prices Slip as U.S. Crude Production Hits Record High - News Summed Up

Oil Prices Slip as U.S. Crude Production Hits Record High


• U.S. oil prices ticked lower Thursday as domestic production hit a record high and oil inventories climbed to their highest level since November 2017. • West Texas Intermediate futures, the U.S. oil standard, were 0.5% lower at $56.86 a barrel on the New York Mercantile Exchange. Prices ended Wednesday at $56.92, the highest closing price since November 12.


Source: Wall Street Journal February 21, 2019 11:18 UTC



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