During the week of August 8–15, the number of active oil rigs in the United States rose by 1 from the previous week, reaching 412. However, compared to the same period last year, the total rig count has fallen by 71.
Brent Crude Ends the Week Lower
Brent crude oil closed at $66.84 per barrel on Thursday, before slipping to $65.85 per barrel on Friday.
Similar Trend in WTI
West Texas Intermediate (WTI) crude followed a similar path, ending Thursday at $63.96 per barrel and declining to $62.80 per barrel on Friday.
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