US oil rig count rises by 5 to 505 this week
The number of oil rigs in the US rose by 5 this week to reach 505.
Weekly data from oilfield services company Baker Hughes has been released.
According to the data, the number of oil rigs in the country increased by 5 compared to the previous week during the week of November 25 – December 1, reaching 505.
The number of oil rigs in the US has decreased by 122 over the last year.
The price of a barrel of Brent crude, which closed Thursday at 80.86 dollars, finished Friday at the 79.56 dollar level.
The price of a barrel of West Texas Intermediate (WTI) crude oil closed at 74.38 dollars on Friday. A barrel of WTI crude had finished Thursday at the 75.96 dollar level.
News Source: 12punto
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