Forbes | The US Oil Market Is Surging Forbes This is noteworthy because U.S. oil (and gas) production has been soaring to record heights. Thanks to the fact that "U.S. crude oil production efficiency continues to improve," breakeven costs are now "as little as $25 per barrel." In fact, higher U.S ... Oil eases as Iran ramps up exports and US storage tanks fill up Crude Little Changed as Traders Ignore West Coast Crude Build Banks Expect Oil Prices to Remain High |