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U.S. crude oil imports drop to lowest level since 1999 as domestic oil production rises

TODAY IN ENERGY: Monday, March 19, 2012

 

U.S. crude oil imports during 2011 fell to their lowest level in twelve years and were down 12% from their peak in 2005, as higher domestic oil production and decreased consumption of petroleum products reduced American refiners' purchases of foreign crude.

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Posted: March 20, 2012