MARKET WATCH: NYMEX, Brent drop more than $1/bbl

MARKET WATCH: NYMEX, Brent drop more than $1/bbl

The crude oil benchmarks each dropped by more than $1.60/bbl on the New York and London markets Dec. 6 after a weekly US government report showed a surge in US crude oil production. The US Energy Information Administration said production reached 9.7 million b/d for the week ended Dec. 1, up 25,000 bbl from the previous week. 



Oil Exploration & Production News

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