The number of active U.S. rigs declines by 6 rigs to 605 last week

Market news

12 October 2015

The number of active U.S. rigs declines by 6 rigs to 605 last week

The oil driller Baker Hughes reported on Friday that the number of active U.S. rigs declined by 6 rigs to 605 last week. It was the sixth consecutive decrease and the lowest level since the week ending July 30, 2010.

Combined oil and gas rigs fell by 14 to 795. It was the lowest level since May 2002.

European Commission's Vice President Valdis Dombrovskis: the European Union’s (EU) economy benefits from lower oil prices and a weaker euro

The U.S. House of Representatives votes to lift a ban on the export of crude oil

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.