North Dakota’s oil output declined by 76,000 barrels per day in December from November levels, bringing production to about 1.12 million bpd, according to the state Industrial Commission. The drop in Bakken supply may factor into expectations for U.S. benchmarks like Oil – US Crude and global reference grades such as Oil – Brent Crude, while the impact on associated gas flows could indirectly affect Natural Gas market balances.
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Over the past month, Oil – US Crude has risen about 8.24%, with a 1-day technical rating of Buy, indicating short-term bullish momentum. Oil – Brent Crude has gained roughly 8.64% in the same period and also shows a 1-day Buy signal, while Natural Gas is down about 41.02% month-over-month and carries a 1-day Strong Sell indication, underscoring the divergence between oil and gas pricing trends.
Investors can explore more updates, prices, and analysis across global markets at Commodities.