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us oil producers put more rigs to work for an eighth week in a row

us oil producers put more rigs to work for an eighth week in a row Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



us oil producers put more rigs to work for an eighth week in a row

us drillers added oil rigs for an eighth week in a row to the most since september 2015, extending a 10-month recovery as energy companies boost spending to take advantage of a recovery in crude prices since opec agreed to cut production late last year.that didn't help sentiment, and both brent and us oil extended their weekly losses on friday. brent slid 1.6 per cent to $us51.38 a barrel, while west texas intermediate shed 1.6 per cent to $us48.47, early afternoon new york time. us crude futures steadied around $us48 a barrel on friday after falling this week to its lowest since november. photo: bloombergdrillers added eight oil rigs in the week to march 10, bringing t...