The number of US oil rig has been decreasing for 13 weeks

4 years ago
1 min read

The outlook for the US oil industry and the number of oil drilling rigs, which are considered to be indicators of short-term crude oil production, dropped 7 this week to 13 consecutive weeks.

The number of US oil rig has been decreasing for 13 weeks 1
According to the weekly data released by oil field service company Baker Hughes, the number of oil drilling rigs in the US fell to 199 in the week of 6 – 12 June, down 7 compared to the previous week.

While the number of oil drilling rigs in the USA fell 13 weeks in a row, total 484 decreased during this period.

The price of barrels of Brent oil, which closed at $ 38.55 on Thursday, finished Friday at the level of $ 38.73. The barrel price of West Texas (WTI) crude oil closed Friday at $ 36.26. WTI finished Thursday at $ 36.34.

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