Oil Rig Count Dips as WTI Gains 2% By Julianne Geiger - Oct 25, 2024, 12:10 PM CDT. ... (+1.67%) on the day at $75.62—more than $2 per barrel up from last Friday’s price.

Oil prices were trading down on Friday before the data release. At 12:47 p.m., ET, the WTI benchmark was trading down $1.50 per barrel (-2.07%) on the day at $70.98, but up 17 cents per barrel ...

West Texas Intermediate crude oil was down 1.6% at $69.43 a barrel in Friday late-afternoon trade, while Brent was little changed at $72.88 a barrel. Both were on track for weekly losses.

The increased rig count could signal that the market was not as shocked as some had feared by oil prices briefly plummeting below $60 per barrel earlier this month.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in August of 2020 at 244. The regional benchmark Plains-West Texas Intermediate Posting ended Friday at $70.44 per barrel, up $3.36 from ...

May 2—The rig count in the Permian Basin was down two this week, the latest count Friday by Baker Hughes shows, with 287 rigs active in the region. A year ago, 316 rigs were active in the region.

BISMARCK, N.D. (KFYR) - North Dakota’s oil and gas regulators said they are anticipating some rig losses due to volatile oil prices. Last week, the Industrial Commission approved a waiver used ...

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in August of 2020 at 244. The regional benchmark Plains-West Texas Intermediate Posting ended Friday at $58.47 per barrel, down $7.37 ...

A widening conflict in the Middle East and a surge in oil prices have triggered a rush into bullish bets tied to the commodity. ... is up 4.3% to $73.18 a barrel in recent trading.

Oil futures extended gains to recover “Liberation Day” levels as the U.S. and China ... The international oil benchmark rises 1.9% to $68.16 a barrel, while the U.S. oil gauge gains 2.3% to ...

Iran relies on oil revenues for around a third of its budget, with its benchmark price set at 57.50 euros ($64.38) per barrel. Tehran is also concerned about Trump’s renewed “maximum pressure ...

Crude oil prices have surged in the wake of sweeping sanctions on Russia's energy sector by President Joe ... to reach $80.96 per barrel by 5:22 a.m. ET after hitting the highest level since ...