U.S. Crude Oil Field Production Rose In March To 12.696M Barrels/Day, Highest Since March 2020
Portfolio Pulse from Benzinga Newsdesk
U.S. crude oil field production increased in March to 12.696 million barrels per day, marking the highest level since March 2020.

May 31, 2023 | 2:43 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The United States Oil Fund (USO) may be positively impacted by the increase in U.S. crude oil production to 12.696 million barrels per day.
The United States Oil Fund (USO) is an ETF that tracks the performance of U.S. crude oil. As the production of crude oil in the U.S. has increased to its highest level since March 2020, this may lead to a positive impact on the USO ETF as it reflects the overall performance of the U.S. oil industry. Higher production levels may indicate a stronger demand for oil, which could potentially lead to higher oil prices and a positive impact on the USO ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100