U.S. crude production rises to record as drilling climbs in Texas: EIA | Reuters

U.S. crude production rises to record as drilling climbs in Texas: EIA | Reuters:

U.S. crude oil production rose 231,000 barrels per day, or 2 percent, to a record 10.674 million bpd in June, the U.S. Energy Information Administration said in a pair of monthly reports on Friday.

The agency also revised its estimate for May up by 1,000 bpd to 10.4 million bpd.

U.S. crude production has been increasing, nearing top producers Russia and Saudi Arabia. Saudi Arabia produced 10.5 million bpd in August, according to a Reuters survey. Russian output was seen at 11.2 million bpd in July, and was expected to hold that level in August.