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The Baker Hughes rig count for the current week shows: • Oil rigs: 506 vs 511 • Natural gas rigs:105 vs 106. • Total rigs: 613 vs 619 last week. Crude oil is trading up $0.22 at $83.80.Baker Hughes: US oil rig count down by 5 to 506 The number of oil rigs in the United States stood at 506 in the week ending April 26, decreasing by five ...
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WTI crude oil price on Friday pulled back off the current week’s highs of about $84.46 to trade at about $84.00. The oil price appears to be trading within an ascending channel formation in the 60-minute chart. The light crude oil price continues to oscillate a few levels above the 100-hour moving average line. Friday’s pullback prevented the oil price from ...
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A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents that weren’t valid, a stark example of how there’s little clarity about who would pay the bill if such a ship had a major disaster. The Andromeda Star, an 820-foot vessel capable of transporting about 730,000 barrels of oil, was involved in a collision ...