Reduction in the US Oil Drilling Rigs Continues!

The decline in the US oil rigs continues. Oil drilling rigs, which are considered to be the indicator of the country's oil industry and the indicator of short-term crude oil production, decreased by 3 this week. Oil drilling rigs, considered the indicator of the United States' oil industry outlook and short-term crude oil production, fell 3 this week. Accordingly, due to the coronavirus epidemic, the oil drilling rigs in the country experienced a decline for 16 consecutive weeks and recorded a total of 498 reductions. According to the weekly data released by Baker Hughes, known as the oilfield company, the number of oil drilling rigs in the US fell to 185 in the week of 27 June-2 July, down 3, compared to the previous month, and was recorded as its lowest level since June 2009. Yesterday, Brent oil barrel, which completed the day at $ 43.14, was traded at $ 42.67 at 08.34 today. West Texas (WTI) type crude oil barrel price was found at $ 40.22 in the same minutes. WTI closed yesterday at $ 40.65. Markets in the USA will be closed today due to the 4th of July Independence Day.