US Oil Drilling Continues To Decline

US oil drilling continues to decline. The decrease in the drilling rig decreased by 21 this week. The declines that have been going on for 10 weeks are still continuing. The appearance of the US oil industry and the number of oil drilling rigs, which are considered as indicators of short-term crude oil production, decreased by 21 this week and declined for 10 consecutive weeks. According to the information in the weekly data released by oil field service company Baker Hughes, the number of oil drilling rigs in the USA decreased to 217 from 16 to 22 May, down from the previous week. While the number of oil drilling rigs in the United States decreased for 10 consecutive weeks, during this period, a total of 446 units decreased. The price of barrels of Brent oil, which closed at $ 36.06 on Thursday, closed Friday at $ 35.13. The barrel price of West Texas (WTI) crude oil finished Friday at $ 33.25. WTI finished Thursday at $ 33.92.