Crude oil recorded gains on Friday and finished the week more than 3.5% stronger, thanks to positive economic data and signals the Fed policymakers might cut interest rates in September. West Texas Intermediate crude rose 65 cents or 0.9% to close at $76.84 a baarrel on the New York Mercantile Exchange. Global benchmark Brent crude …
Oklahoma City’s Mammoth Energy Services won’t learn perhaps until next month whether a judge will sign off on a multi-million dollar settlement of unpaid work it did in restoring electrical power to Puerto Rico following the 2017 Hurricane Maria. Mammoth has been in a lengthy legal fight over the unpaid hundreds of millions of dollars …
The nation saw a gain of two rigs in the past week to reach 588, reported Baker Hughes Co. on Friday. Oklahoma’s count was unchanged from the previous week with a total of 35 rigs. A year ago, the state had 40 active oil and gas rigs. Nationally, Baker Hughes indicated the U.S. count …
