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EIA weekly report showing record US crude production last week sent oil prices on a downhill today. International Brent crude futures dropped 0.3%, to $66.87 per barrel. US West Texas Intermediate (WTI) crude oil futures fell 0.2% and were priced at $56.84 per barrel. EIA data released yesterday indicated crude oil production in US hitting 12 million bpd, making it the only country to reach 12 million bpd of production.
