U.S. crude output surges to highest since '86 on shale boom

WASHINGTON, D.C. (Bloomberg) -- U.S. crude production climbed to the highest level in more than 28 years last week as the shale boom moved the country closer to energy independence. Output rose 248,000 bpd to 8.838 million, the most since March 1986, according to Energy Information Administration data. The combination of horizontal drilling and hydraulic fracturing has unlocked supplies from shale formations in the central U.S., including the Bakken in North Dakota and the Eagle Ford in Texas.


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U.S. crude output surges to highest since '86 on shale boom U.S. crude output surges to highest since '86 on shale boom Reviewed by Crude Oil Brokers on 18:28 Rating: 5

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