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Oil Rig Count Stabilizes at 409 According to weekly data released by Baker Hughes, the number of oil drilling rigs in the United States remained unchanged at 409 during the week of February 14-20 compared to the previous week.
An annual review shows that the total number of oil rigs in the US has decreased by 79 units over the past year.
Slight Decline in Oil Prices Global oil markets experienced price fluctuations during the period when the drilling data was announced.
Both Brent crude and West Texas Intermediate (WTI) prices recorded a slight decline on the final trading day of the week.
The price of Brent crude, which closed at $71.60 on Thursday, ended Friday at $71.26 per barrel.
The price of West Texas Intermediate (WTI) crude oil fell to $66.35 per barrel on Friday.
WTI had been trading at $66.68 on Thursday.
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US Oil Rig Count Remains Unchanged: Baker Hughes Data Released
According to data from Baker Hughes, the number of oil rigs in the US remained steady at 409 for the week of February 14-20, reflecting a year-on-year decrease of 79 units.
Sources
- Cumhuriyet · baglanti