Rising oil prices – increasing oil and gas rig count.

Oil prices are recovering as the U.S. oil and gas rig count rises for the second week in a row.

The oil and gas rig count rose nine this week to 500 from 491 last week, the highest level since April 2020.

Oil and gas rigs in the United States are also active on an annual basis. They rose to 256 rigs this week or 105% from 244 rigs in the same month last year.

The 10 U.S. oil rigs active this week rose to 397, 172 more than the same month last year.

This was announced by Baker Hughes, a U.S. oil drilling contractor.

Source: https://www.ryt9.com/s/iq30

The Spot Market is open

Mon. 16 Aug-2021

Metals

Updated at
USD

Bid/Ask
Ounce

Change


Low/High
Gold
07.10
1,778.80
1,779.80
-0.90
-0.05%
1,777.80
1,780.90
Silver
07.10
23.67
23.77
-0.05
-0.23%
23.66
23.84
Platinum
07.10
1,020.00
1,030.00
-4.00
-0.39%
1,019.00
1,035.00
Palladium
07.10
2,580.00
2,730.00
-6.00
-0.23%
2,576.00
2,736.00
Rhodium
05.00
18,200.00
20,200.00
0.00
0.00%
18,200.00
20,200.00
Energy

Updated at


Price


Change


%Change
Crude Oil
07.10

68.01

-0.43

0.63%
Source: https://www.kitco.com/

Leave a Reply

Change Language
%d bloggers like this: