November 5, 2017 archive

Baker Hughes Rig Count: U.S. Down by 11, Oklahoma Loses 8 Active Rigs

The latest weekly oil and gas rig count revealed steep declines for Oklahoma and the nation, according to Houston-based Baker Hughes Company. The U.S. rig count dropped by 11 to reach 898. Despite this setback, the nation is up 329 from a year ago when it had 569 working rigs. Oklahoma’s count fell by eight …

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WTI Surges Above $55, Brent Crude Reaches $62 a Barrel on Friday

Crude oil futures had another strong end of week rally on Friday, with U.S. and global benchmark prices reaching their highest settlements in more than two years, according to Bloomberg MarketWatch. December West Texas Intermediate crude oil climbed $1.10, or 2%, to settle at $55.64 a barrel on the New York Mercantile Exchange, marking its highest …

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