The US Energy Information Administration said in its “Monthly Oil Supply Report” on Friday that US crude oil production rose in August, while demand for crude oil and petroleum products declined. US crude oil production in August increased 19,000 b/d from 13.946 million b/d after the July revision to 13.965 million b/d. Meanwhile, total oil demand was 20.595 million b/d, down 2.9% from the same period last year, or 618,000 b/d. New Mexico's crude oil production in August reached a new monthly high of 2,442 million b/d, up from 2,424 million b/d in July.

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