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Oil prices stop falling The number of rigs in the United States increases

 Last Update: 2023-02-27
 Source: Internet
 Author: User

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According to the oil price network news on April 22, new data released by Baker Hughes on Friday showed that the total number of active drilling rigs in the United States increased by 2 this week, compared with 4 last week
.

The total number of rigs rose to 695 this week, up 257 from the same period in 2021 and the highest level
since April 2020.
Since the geopolitical conflict, the number of rigs has increased significantly, with 45 rigs
added in the last 8 weeks.

This week, oil rigs in the U.
S.
increased by one to 549, while natural gas rigs increased by one to 144.

The other rigs remained unchanged at 2.

This week, the number of rigs in the Permian Basin remained unchanged at 334, while the number of rigs in Eagle Ford increased by one
.

U.
S.
crude oil production rose to 11.
9 million b/d in the week ended April 15, an increase of 300,000 b/d
since the geopolitical conflict, according to the latest Energy Information Administration data.

At 8:25 a.
m.
ET, oil prices trended down as bear market forces dominated by the market's bear market forces, with WTI trading at $102.
40, down $1.
43 (-1.
38%), and down $4.
60 for the week
.
The Brent benchmark was $106.
80 a barrel, down $1.
48 (-1.
37%) on the day and down $5 for the week
.

At 1:09 p.
m.
ET, WTI was trading at $102.
20 and Brent crude was trading at $
106.
60.

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