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 …
June 19, 2016 archive
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, …