Oil drilling rigs Oil prices fell on Friday as the US authorities forecast the Hurricane Rafael to start weakening as of today. Investors are also assessing global supply and demand prospects in light of Trump administration policies and the slowdown in the Chinese economy. Brent crude futures for January delivery dropped 0.54%, or $0.41, to
Oil drops as Hurricane Rafael likely to start weakening Read More »
By Julianne Geiger – Oct 04, 2024, 12:10 PM CDT The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 2 this week to 585, compared to 619 rigs this same
Oil Rig Count Drops as Oil Prices See Strongest Weekly Gain Since 2022 Read More »
WTI price continues its losing streak as US crude Oil stocks surged by 4.052 million barrels in the last week. OPEC+ allowed eight member countries to gradually unwound Oil cuts starting in October. Oil traders monitor the Israel-Hamas situation, as the failure of a peace deal could bolster crude Oil prices. West Texas Intermediate (WTI)
WTI drops to near $73.00 due to builds in US Oil stockpiles Read More »
Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness. Extending losses from a four-month low in the previous session, Brent crude futures were down $1.11, or 1.4%, at $77.25 a barrel by
Oil drops over $1 as OPEC+ decision spotlights shaky demand Read More »
