Boom! Weekly Crude Oil Production Hits An All-Time High

CNBC | Tom DiChristopher

U.S. crude oil production is at an all-time high due to the persistence of U.S. shale drillers.

U.S. crude oil production hit an all-time high last week, according to preliminary government data, in another sign of the resilience of American shale drillers. The United States produced 9.62 million barrels of oil a day in the week through Nov. 3, the U.S. Energy Information Administration reported on Wednesday. That just slightly topped a high struck in June 2015, just before the oil price crash sparked a more than one-year decline that sent U.S. output to about 8.4 million barrels a day.

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