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Posted August 23, 2019 Today in Energy

The United States tends to produce lighter crude oil and import heavier crude oil ›

In 2018, total U.S. crude oil production grew by 17%, led by increased production of relatively light, less dense crude oil. The increase in light crude oil production is largely the result of the growth in crude oil production from shale and tight rock formations, which are now more accessible because of improvements in horizontal drilling and hydraulic fracturing. More

Lower 48 states crude oil production by API gravity

Source: EIA, Monthly Crude Oil and Natural Gas Production

Data Highlights

WTI crude oil futures price

8/22/2019: $55.35/barrel

up$0.88 from week earlier
down$12.51 from year earlier

Natural gas futures price

8/22/2019: $2.170/MMBtu

down$0.073 from week earlier
down$0.797 from year earlier

Weekly coal production

8/17/2019: 14.643 million tons

up1.396 million tons from week earlier
down1.146 million tons from year earlier

Natural gas inventories

8/16/2019: 2,797 Bcf

up59 Bcf from week earlier
up369 Bcf from year earlier

Crude oil inventories

8/16/2019: 437.8 million barrels

down2.7 million barrels from week earlier
up29.4 million barrels from year earlier