Increase in the Number of US Oil Drilling Rigs!

Increase in the Number of US Oil Drilling Rigs!

For the first time since March, the number of oil drilling rigs in the USA has increased. The outlook for the oil industry and the number of oil drilling rigs considered to be indicative of short-term crude oil production had been declining in the US for weeks. According to the weekly data released by the oilfield service company Baker Hughes, the number of oil drilling rigs in the US increased by 1 week in the week of July 18-24 compared to the previous week. As a result, the number of oil drilling rigs in the U.S. has risen for the first time since the week ended March 13, after 18 weeks of decline, and rose to 181. The price of barrels of Brent oil, which closed Thursday at $ 43.31, closed Friday at $ 43.34. The barrel price of West Texas (WTI) crude oil finished Friday at $ 41.34. WTI finished Thursday at $ 41.07.