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The EIA said Friday it has revised its estimate of Oklahoma oil production up by 100,000 barrels a day.
On a percentage basis the largest gains are expected to come in solar energy, which is anticipated to grow 28 percent.
The EIA said that Houston had the cheapest gasoline of the cities it tracked in 47 out of 52 weeks.
The Dallas Fed also says in a new report that the nine oil industry bankruptcies in the final three months of the year are the most in one quarter since the Great Recession.
The U.S. Energy Information Administration said domestic oil tanks last week took in an additional 4.8 million barrels of crude, boosting inventories to 490.7 million barrels. That’s the largest amount of oil the nation has had in reserve since a record-setting supply bulge in April.
The EIA’s new estimates added billions of barrels to the worldwide total of shale oil reserves.
Thursday’s slide came despite a report from the U.S. Energy Information Administration that showed U.S. stocks of natural gas falling by 76 billion cubic feet, about 10 billion cubic feet more than most analysts had expected.
Oil prices jumped after U.S. data showed the nation’s stockpile of crude shrank by 3.6 million barrels.
The latest release of federal data now puts total U.S. crude production at 9.17 million barrels per day, a fall of 410,000 bpd since peaking in April.
The news put pressure on oil prices that had risen early in the week.