According to the EIA, U.S. crude oil production averaged 12.4 million barrels per day (b/d) last week, down by 600,000 b/d from previous week and up by about 200,000 b/d year on year.
Oil prices gained on Wednesday as market participants eagerly awaited a key meeting by the world's major oil producers on output cuts.
The West Texas Intermediate for May delivery rose 1.46 U.S. dollars to settle at 25.09 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery was up 0.97 dollar to close at 32.84 dollars a barrel on the London ICE Futures Exchange.
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