June 19, 2016 archive

Oil Futures Rally on Friday, End Lower for the Week

Oil futures rose on Friday but showed an overall decline for the week, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, July West Texas Intermediate crude tacked on $1.77 or 3.8%, to settle at $47.98 a barrel, ending almost 2.2% lower for the week. On London’s ICE Futures Exchange, August Brent crude climbed …

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Nation’s Oil Rig Count Grows with $50 Oil Prices

      The nation’s oil and gas rig count grew by 10 over the past week as oil prices remained steady around the $50 a barrel mark.  Oklahoma’s count remained steady at 58 compared to last week, according to figures released by Baker Hughes Company of Houston, Texas. The nation’s count grew to 424, …

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