U.S. crude oil production decreases during the week ending April 3, U.S. Energy Information Administration (EIA) said Wednesday.
According to the EIA, U.S. crude oil production averaged 12.4 million barrels per day (b/d) last week, down by 600,000 b/d from previous week and up by about 200,000 b/d year on year.
Oil prices gained on Wednesday as market participants eagerly awaited a key meeting by the world's major oil producers on output cuts.
The West Texas Intermediate for May delivery rose 1.46 U.S. dollars to settle at 25.09 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery was up 0.97 dollar to close at 32.84 dollars a barrel on the London ICE Futures Exchange.
Editor:Cherie
