January 15, 2017 archive

Rig Count: Oklahoma Down 2, U.S. Down 6, Canada Adds 110

Yet again, Canada is leading the way with the addition of 110 new rigs last week while the U.S. rig count fell by a total of six, according to the Baker Hughes rig count released on Friday. Canada now has a total of 315 rigs, up 88 rigs when compared with last year’s count of …

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WTI, Brent Crude Futures Decline on Friday as Natural Gas Rebounds

Crude oil futures settled lower on Friday as traders were skeptical about compliance with the OPEC production cut, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude fell by 64 cents, or 1.2%, to settle at $52.37 a barrel. For the week, prices saw a weekly decline of about 3%. …

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