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.
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
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