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-0.0014581066376497 -0.00326441784548435 -0.0036343852013058 -0.0065288356909685 -0.00108813928182824 0.0101958650707289 0.0310119695320999 0.0250272034820456
Stock impact report

US oil production plunges as the industry retrenches, and more cuts are expected after a price crash [MSNBC.com]

APA Corporation (APA) 
Last apa corporation earnings: 2/26 05:26 pm Check Earnings Report
Company Research Source: MSNBC.com
An oil well owned and operated by Apache Corporation in the Permian Basin, viewed on February 5, 2015 in Garden City, Texas.Spencer Platt | Getty ImagesThe U.S. oil industry reacted to cratering oil prices by cutting production by 900,000 barrels a day in just a month in what appears to be the biggest one-month decline since the Great Recession.U.S. government data shows that U.S. production fell to 12.2 million barrels a day last week. That's off 100,000 barrels in a week and down from a record high of 13.1 million barrels a day just a month ago. Imports fell to 4.9 million barrels from 5.7 million barrels a week earlier, and exports trickled off to 2.9 million barrels a day from 3.4 million."The U.S. oil industry is in full retrenchment, and this is just the beginning of what will likely be steep cuts," said John Kilduff, partner with Again Capital. Kilduff said the 7% one-month decline appears to be the largest since oil production plunged 16% between August and September 2008, whe Show less Read more
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