U.S. LOGS RARE GAIN IN CRUDE OIL PRODUCTION

For the first time in 5 years, U.S. crude oil production increased during the first quarter. The American Petroleum Institute reported January-March production averaged 7.507 million b/d, up 1.2% from 7.418 million b/d produced in first quarter 1990. The increase was due to a 4.6% climb in Alaskan production, where North Slope production facilities have been added and well fracturing has been stepped up.

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