US crude output hits record high, oil stockpiles fall, EIA says

U.S. crude oil production hit a record high last week, the Energy Information Administration said on Thursday, while crude, gasoline and distillate inventories fell. Crude inventories fell by 2.2 million barrels to 420.6 million barrels in the week ended Oct. 11, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.8 ...