US oil rig count up for week ending March 24

March 25, 2023

- Number of US oil rigs rose by 62 compared to one year ago

By Anadolu Agency

The oil rig count in the US increased by 4 this week, according to the latest data released by oilfield services company Baker Hughes on Friday.

The number of oil rigs, an indicator of short-term production in the country, rose to 593 for the week ending March 24.

The number of US oil rigs increased by 62 compared to one year ago.

At Friday's trading close, the price of international benchmark Brent crude stood at $74.99 per barrel, while American benchmark West Texas Intermediate (WTI) was at $69.26 a barrel.

US oil rig count up for week ending March 24

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