U.S. Oil Drilling Rigs Have Been Declining For 14 Weeks!

US oil drilling rigs have been decreasing for 14 weeks. Oil drilling rigs, which have been declining for weeks after the coronavirus epidemic spread to the country, decreased by 10 this week and decreased 14 consecutive weeks. Affected by the new type of coronavirus epidemic in many ways, the number of oil drilling rigs of the US, considered as an indicator of the oil industry and the indicator for short-term oil production, decreased by 10 this week. With these numbers, the 14-week consecutive decline was recorded. According to weekly data released by oil field service company Baker Hughes, the number of oil drilling rigs in the US fell to 189 in the week of 13-19 June, down 10 units compared to the previous week. 494 units decreased in 14 weeks While the number of oil drilling rigs in the USA decreased 14 consecutive weeks due to the epidemic, a total of 494 decreased during this period. The barrel price of Brent oil, which finished the day at $ 41.51 on Thursday, closed Friday at $ 42.19. Western Texas (WTI) type crude oil was found at $ 39.45 a barrel on Friday. WTI closed Thursday at $ 38.84.