US oil output hits record high in April
U.S. oil production in April reached its highest ever level, totaling 13.93 million barrels per day, an increase of 216,000 barrels compared to the previous period. The growth was primarily focused in the states of New Mexico and Texas, with New Mexico reaching a record high of 2.37 million barrels per day, and Texas's production rising to 5.83 million barrels, the highest since November. This increase in production comes amid rising oil prices driven by tensions with Iran.
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