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Asian crude oil futures were lower
on Monday morning as the number of U.
S.
oil rigs rose slightly and continued to focus on increased global supply, according to Platts Energy Information Singapore, September 3.
At 10:30 a.
m.
Singapore time, the latest data from the Intercontinental Exchange showed that Brent crude futures for November fell 27 cents a barrel (0.
35%) from Friday's closing price of $77.
37/b, while NYMEX light sweet crude futures for October fell 20 cents/barrel (0.
29%) to $69.
60/barrel
.
Data released by Baker Hughes on Friday showed that the number of oil rigs in the United States increased from two to 862 in the week ended Aug.
31
.
The Permian Basin accounted for 486 wells in total, and for the fourth consecutive week, the West Texas/New Mexico Basin was in the 485-486 range, the highest in 44 months
.
Due to the decline in global oil prices at the time, the data reached this level
in early January 2015 after 562 in October/November 2014.
12Next View full article
Asian crude oil futures were lower
on Monday morning as the number of U.
S.
oil rigs rose slightly and continued to focus on increased global supply, according to Platts Energy Information Singapore, September 3.
At 10:30 a.
m.
Singapore time, the latest data from the Intercontinental Exchange showed that Brent crude futures for November fell 27 cents a barrel (0.
35%) from Friday's closing price of $77.
37/b, while NYMEX light sweet crude futures for October fell 20 cents/barrel (0.
29%) to $69.
60/barrel
.
Data released by Baker Hughes on Friday showed that the number of oil rigs in the United States increased from two to 862 in the week ended Aug.
31
.
The Permian Basin accounted for 486 wells in total, and for the fourth consecutive week, the West Texas/New Mexico Basin was in the 485-486 range, the highest in 44 months
.
Due to the decline in global oil prices at the time, the data reached this level
in early January 2015 after 562 in October/November 2014.
12Next View full article
12Next View full article
