oil Data released by Baker Hughes, one of the world’s largest oilfield services companies, showed Friday that the number of oil rigs drilling for crude oil dropped by eight to 392 while those searching for natural gas decreased by five to 97, falling below 100 for the first time in the history of Baker Hughes’ count.

The fall in oil prices, which started in 2014, has strongly impacted the global energy industry, including many oil and gas producers in the United States.

On Friday, the West Texas Intermediate crude futures increased by 1.13 U.S. dollars or 3.3 percent to 35.70 dollars per barrel. Enditem

Source: Xinhua


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