U.S. Crude Oil Production Rises For First Time In 10 Weeks

U.S. crude oil production has risen—albeit modestly—for the first time in ten weeks, the latest EIA data shows. Weekly U.S. field production of crude oil rose to 11.7 million barrels per day, according to EIA data, up from 11.6 million bpd in the previous seven weeks. U.S. oil producers have been in the crosshairs since oil started rising—which was before Russia invaded Ukraine--for failing to ramp up crude oil production. The oil industry has further been accused of price gouging, which the U.S. government said has led to high…