U.S. oil output continues to climb despite lower prices: Kemp – Yahoo News

U.S. crude production rose again in September, confounding sceptics who have long been predicting that output is poised to begin declining because of lower oil prices.

Crude output increased by 66,000 barrels per day (bpd) to a record 12.46 million bpd, U.S. Energy Information Administration (EIA) data showed on Friday.

Production has risen by more than 950,000 bpd since the same point last year, though the year-on-year growth rate has been…