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Oil rises with the decline in the number of American platforms
10.31.2015
Crude oil prices rose and ended the week and the month also gains after data showed a decline in the number of new oil platforms operating in the United States, suggesting that crude production may drop in the coming months.
Price and got an extra boost from a separate data showed a decline in US crude production in August for the third-lowest level this year.
Brent crude, the global price of Brent crude 76 cents, or about 1.6 percent to $ 49.56 a barrel at the settlement. Crude rose three percent during the week and two percent through October.
US crude price of 53 cents or 1.1 percent at the settlement to $ 46.56 a barrel. Also it rose three percent during the week and four percent during the month.
She said Baker Hughes oil services company in a report widely watched wide that US firms stopped work drilling platform 16 a week, which ends on 30 October to decrease the total number of platforms to 578 - the lowest since June June 2010.
This is the longest wave of cuts since June, a sign that the continued decline in crude prices push companies to reduce drilling plans which indicates that production could fall during the months Kadmh.anthy 29/4 e
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10.31.2015
Crude oil prices rose and ended the week and the month also gains after data showed a decline in the number of new oil platforms operating in the United States, suggesting that crude production may drop in the coming months.
Price and got an extra boost from a separate data showed a decline in US crude production in August for the third-lowest level this year.
Brent crude, the global price of Brent crude 76 cents, or about 1.6 percent to $ 49.56 a barrel at the settlement. Crude rose three percent during the week and two percent through October.
US crude price of 53 cents or 1.1 percent at the settlement to $ 46.56 a barrel. Also it rose three percent during the week and four percent during the month.
She said Baker Hughes oil services company in a report widely watched wide that US firms stopped work drilling platform 16 a week, which ends on 30 October to decrease the total number of platforms to 578 - the lowest since June June 2010.
This is the longest wave of cuts since June, a sign that the continued decline in crude prices push companies to reduce drilling plans which indicates that production could fall during the months Kadmh.anthy 29/4 e
[You must be registered and logged in to see this link.]
