MW: U.S. oil output hit 4-year high last month: API
By Moming Zhou
NEW YORK (MarketWatch) -- U.S. crude oil production for October averaged 5.36 million barrels per day, standing at the highest level since 2005, the American Petroleum Institute reported Wednesday. "The October production figures continue to detail the industry's success story in the Gulf of Mexico, particularly the deep waters, as well as the way new technologies have helped bring on new production both offshore and onshore," said API Statistics Manager Ron Planting in a statement.
