U.S. crude-oil imports fell year-on-year for a 20th straight month in October, as domestic crude output climbed to its highest level for the month since 1988, government data released Monday show. Imports dropped 7.8% from a year earlier to 7.475 million barrels a day in October, the lowest level for the month since 1995, according to the Energy Information Administration. The drop of 633,000 barrels a day came as domestic crude-oil output jumped by 12% from a year earlier to 7.753 million barrels a day. Among major sources of imports, Canada maintained the rank of top supplier as it has since March 2006. Imports from Canada averaged 2.622 million barrels a day, 17% above a year earlier. Crude-oil imports from Saudi Arabia, the world’s biggest oil exporter, rose 8.5% from a year earlier to 1.36 million barrels a day. Crude imports from the Persian Gulf […]