U.S. crude oil production shattered a 47-year output record in November, and then retreated slightly in December, the Energy Information Administration said on Wednesday, as oil production from shale continued to upend global supply patterns. Oil output rose to 10.057 million barrels per day (bpd) in November, according to revised figures from the EIA. December production fell 108,000 bpd to 9.949 million bpd, the EIA said. November’s output was the highest on record, surpassing the 10.044 million bpd of crude produced in November 1970. Monthly average oil output for the United States has only surpassed 10 million bpd on one other occasion, in October 1970. In December, production pulled back after three consecutive increases, according to the EIA. The production decline was largely driven by Gulf of Mexico output, which dropped by 131,000 bpd in the month, even as production from shale in Texas continued […]