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The number of oil rigs in the United States fell by eight this week, marking the third consecutive week of declines

 Last Update: 2022-11-19
 Source: Internet
 Author: User

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According to US media reports on Friday, the number of oil rigs in the United States fell by 8 this week to 644, the third consecutive week of decline
.
The number of natural gas rigs increased by two to 198
.

The U.
S.
oil rig count fell again this week, the first three-week straight decline in three months, and the largest
decline in the past three weeks in four months.

Oil companies drill wells to find new oil
.
Baker Hughes has published weekly oil and gas drilling data
since 1944.
Changes in drilling activity can occur many months
earlier than actual production changes.

Oil prices weakened after the Federal Reserve's FOMC meeting announced a temporary moratorium on interest rate hikes at 2 p.
m
.
ET on Thursday.
After the release of Baker Hughes well platform data on Friday, although the number of oil well platforms fell for three consecutive weeks, it still failed to curb oil prices from continuing to decline
.

petroleum

The U.
S.
oil rig count fell again this week, the first three-week straight decline in three months, and the largest
decline in the past three weeks in four months.

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