Bloomberg | Shale Surge Sent US Oil Production to Record High in November Bloomberg Once the world's largest importer of crude, the U.S. is passing Saudi Arabia and closing in on Russia to become the world's largest producer. Oil prices above $60 a barrel have lured companies to ramp up production. Oil and gas exploration last year ... How Changes In Benchmark Crude Oil Prices Can Impact Exxon Mobil's Value Oil drops on surprise US gasoline stocks build; crude stocks also up Fundamentals do not matter to new breed of oil speculator |