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Investing.com -- U.S. crude oil production reached a record high in June, according to data released Friday by the Energy Information Administration (EIA).
Oil output rose by 133,000 barrels per day (bpd) to reach 13.58 million bpd during the month, marking a new production milestone for the country.
The EIA also reported that U.S. product supplied of crude oil and petroleum products, which serves as a proxy for demand, increased in June to its highest level since October 2024.
Gasoline demand showed strength as well, with product supplied rising to levels not seen since July 2024.
Jet fuel demand posted an even more notable recovery, with product supplied in June climbing to its highest point since August 2018, indicating robust activity in the aviation sector.
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