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US oil rig count decreases

The number of oil rigs in the US decreased by 3 this week. The number of oil rigs in the US has fallen by 90 over the last year.

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US oil rig count decreases

According to weekly data released by oilfield services company Baker Hughes, the number of oil rigs in the country decreased by 3 from the previous week to 496 during the week of May 4-10.

The number of oil rigs in the US has fallen by 90 over the last year.

The price of a barrel of Brent crude, which closed Thursday at $84.15, finished Friday at the $82.72 level.

The price of a barrel of West Texas Intermediate (WTI) crude closed Friday at $78.20. A barrel of WTI crude had finished Thursday at the $79.26 level.


News Source: 12punto

USA Oil drilling rig oil