July 16, 2017 archive

Rig Count: Oklahoma Down Two, Texas Gains Three But U.S. Remains Flat

Canada led the way in North America last week with the addition of 16 new rigs while the U.S. rig count was flat, according to the Baker Hughes rig count released on Friday. With 16 additional rigs, Canada now has a total of 191, including 96 rigs when compared with data from a year ago. …

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WTI and Brent Crude Advance on Friday

Crude oil futures rose more than 5% for the week as a higher forecast for crude demand helped boost prices for a fifth consecutive session, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude rose 46 cents, or 1%, to settle at $46.54 a barrel. It rose roughly 5.2% for …

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