Washington, Rajab 13, 1437,- U.S. oil production continued to decline last week as low prices and strong supplies hit domestic producers, government data showed Wednesday.

The Energy Department’s weekly petroleum inventory report showed a 24,000-barrel drop in production to 8.95 million barrels per day (bpd). It was the second consecutive week below the 9 million bpd mark, and more than 600,000 barrels below the mid-2015 peak of just above 9.6 million bpd.

The report came days after a meeting on the oversupplied oil market between OPEC and non-OPEC producers-not including the United States-failed to produce a deal on freezing production.

The U.S. data showed that even if other producers are not reacting to low crude prices, U.S. drillers are.

Source: Saudi Press Agency

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Washington, Rajab 13, 1437,- U.S. oil production continued to decline last week as low prices and strong supplies hit domestic producers, government data showed Wednesday.The Energy Department's weekly petroleum inventory report showed a 24,000-barrel drop in production to 8.95 million barrels per day (bpd). It was the second...