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.

With WTI below $60 a barrel, oil rig counts are apt to decline and could eventually slow U.S. output enough to begin offering price support, “especially if accompanied by other key non-OPEC ...

U.S. oil rig count rises while crude prices fall and production reaches a record high, ... (-1.45%) on the day at $67.31, down nearly $1.71 per barrel compared to last Friday’s price.

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.

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 ...

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.

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 ...

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 ...

Oil has had a rocky 2025 so far with U.S. oil prices tracking an even bigger decline than that of stocks. These days, that’s saying a lot. Late Monday, Goldman Sachs analysts forecast that West ...

Two oil-related positions make our ranking of the top 10 best-paying blue-collar jobs. Oil and gas rotary drill operators pull down an average of $59,560 a year, with the top 10% earning more than ...