US Oil Drilling Rigs Are Reduced Since 7 Weeks

US Oil Drilling Rigs Are Reduced Since 7 Weeks

  The amount of oil drilling rigs in the United States has dropped to 53 this week, for 7 consecutive weeks. It is determined that the amount of oil drilling rigs of the United States, which is considered as an indicator of the oil industry and the production of crude oil, has fallen to 53 this week. Looking at the weekly statistics announced by the oil field industry firm Baker Hughes, the amount of oil drilling rigs in the United States decreased by 53 to 325 towers in the week from April 25 to May 1 compared to the previous week. Accordingly, it was determined that the amount of oil drilling rigs in the USA has decreased to a minimum level in the period from June 2016 to today. While the amount of oil drilling rigs in the United States has been decreasing steadily over the past seven weeks, it has dropped a total of 358 during this time. Brent oil, which ended the fourth trading day of the week with $ 26.48, closed the week by completing the barrel value of $ 26.61 on the last trading day of the week. The barrel value of West Texas (WTI) crude oil completed the last trading day of the week at $ 19.70 and ended the week. West Texas ended the day on Thursday at $ 18.84.