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The number of oil drilling rigs in the USA decreased

Sally Cullen by Sally Cullen
August 29, 2020
in Analysis, News
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The number of oil drilling rigs in the USA decreased

The number of oil drilling rigs in the USA decreased

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The number of oil drilling rigs in the USA decreased

The number of oil rigs in the USA decreased by 3 this week

The number of oil rigs, which are considered as indicators of the outlook of the US oil industry and short-term crude oil production, decreased by 3 this week.

According to weekly data released by oilfield services company Baker Hughes, the number of oil rigs in the US fell by 3 to 180 in the week of August 22-28 compared to the previous week.

As a result, the number of oil drilling rigs in the country has decreased by a total of 562 in the last 1 year.

The barrel price of Brent oil, which closed at $ 45.60 on Thursday, closed at $ 45.87 on Friday. The barrel price of West Texas (WTI) type crude oil closed Friday at $ 42.96. WTI finished Thursday at $ 43.04.

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