U.S. Oil Production Update — Week of June 10, 2026

United States crude oil production stands at 13.7 million barrels per day, keeping the country among the world's largest producers. That level reflects continued activity across major basins including the Permian in Texas and New Mexico, where output has remained a primary driver of national totals. The figure represents a substantial recovery from pandemic-era lows and underscores the ongoing expansion of domestic supply infrastructure.

Production dipped slightly from the previous week, falling by 8,000 barrels per day. While that decline is modest relative to overall output, it signals a small pullback that analysts will watch to determine whether it reflects routine operational variability or the beginning of a softer trend. Week-to-week fluctuations of this size are common and do not on their own indicate a meaningful shift in production direction, though consecutive weeks of decline would draw closer attention.

West Texas Intermediate crude is currently priced at $95.96 per barrel, while Brent crude trades at $98.29 per barrel. The spread between the two benchmarks sits at roughly $2.33, which falls within a historically normal range. Brent's slight premium over WTI typically reflects differences in sulfur content, transportation costs, and the global demand signals that the international benchmark tends to capture more directly. Both prices remain elevated relative to levels seen earlier in the year.

Global crude oil production is running at approximately 65.0 million barrels per day, a figure that reflects output from major producers across OPEC, North America, and other regions. Supply and demand balances at that level remain relatively tight, which helps explain the firm price environment seen this week. Looking ahead, market participants will be watching for any OPEC production decisions, updates to US inventory data, and broader demand signals from China and Europe that could shift the outlook heading into the following week.