NEW YORK (Reuters) – U.S. oil production rose in June, but did not fully recover from a dramatic plunge in May, according to a government report on Monday.
U.S. oil output rose 420,000 barrels per day in June to 10.436 million barrels a day, the U.S. Energy Information Administration said in a monthly report on Monday. Production remained far below April levels of 11.99 million bpd.
Production in June rose in top oil producing state Texas by 227,000 bpd and also rose in North Dakota, while dropping 49,000 bpd in the offshore Gulf of Mexico, the report said.
