November 19, 2017 archive

Rig Count: US Adds 8, Texas Adds 7 and Oklahoma Drops One

While the U.S. added to its weekly oil and gas rig count, Oklahoma’s count dropped by one to hit 122, according to figures from Baker Hughes Company. The latest oil and gas rig count report showed the national count is at 915 which reflects the addition of eight new rigs. Compared to a year ago, …

Continue reading »

WTI, Brent Crude Jump on Friday, End Lower for the Week

Rebounding from a two-week low, oil prices surged on Friday, according to Bloomberg MarketWatch. December West Texas Intermediate crude jumped by $1.41, or 2.6%, to settle at $56.55 a barrel on the New York Mercantile Exchange, ahead of the contract’s expiration at Monday’s settlement. January Brent crude, the global benchmark, gained $1.36, or 2.2%, to end trading …

Continue reading »