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home / news releases / USOI - U.S. November Oil Production Shows Small Drop

USOI - U.S. November Oil Production Shows Small Drop

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

Summary

  • U.S. November production decreased by 35 kb/d to 12,375 kb/d.
  • Since the beginning of April 2021 through to the week ending July 29, 2022, the US added horizontal oil rigs at a rate of close to 3.82 rigs/wk, orange OLS line, and peaked at 551 rigs in the week ending July 29.
  • Conventional oil output in the Onshore L48 dropped by 233 kb/d in December to 1,731 kb/d and is more in line with estimates prior to July 2022.

For further details see:

U.S. November Oil Production Shows Small Drop
Stock Information
Company Name: Credit Suisse X-Links Crude Oil Shares Covered Call ETN
Stock Symbol: USOI
Market: NASDAQ
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