Increase In The Number Of Oil Rigs In The USA

There was an increase in the number of oil rigs in the USA. The country's oil rig number has increased by 6 this week.

The number of oil rigs, which is considered as an indicator for the outlook of the oil industry and short-term crude oil production in the USA, increased by 6 this week. According to weekly data released by oilfield services company Baker Hughes, the number of oil rigs in the US reached 295 in the week of January 23-29, up 6 compared to the previous week. With the announced data, the number of oil drilling rigs in the country has decreased by a total of 380 in the last year. The barrel price of brent oil, which closed at $ 55.10 on Thursday, closed at $ 55.02 on Friday. The barrel price of West Texas (WTI) type crude oil closed on Friday at $ 52.13. West Texas (WTI) type crude oil ended Thursday at $ 52.34. Factors such as the detection of the mutation of the new coronavirus (Covid-19) emerging in South Africa in the USA, delays in vaccine supply, and additional production interruption to be implemented by Saudi Arabia in February affected these decreases. Despite the vaccination efforts, the high number of coronavirus cases and the quarantines applied in Europe, raise concerns that oil demand will continue to remain weak.