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Oil rises after Baker Hughes data

2017-08-21 09:34 am | Resource: NEWS | No Views : 328



Crude oil prices rose sharply by the end of last week as data from the US industry showed that the number of US drilling platforms dropped during the week.
  
The total number of US drilling platforms dropped by 3 platforms to 946, after last week's drop by 5 drill pads, according to the latest weekly poll by Baker Hughes.
  
The price of WTI rose 1.42 dollars, or 3 percent, to close at 48.51 dollars a barrel at the end of last week. Brent crude also rose 2.15 dollars, closing last week at 52.90 dollars per barrel.
  
The University of Michigan released a report on Friday, showing a much larger than expected improvement in US consumer sentiment in August. The preliminary reading of the August consumer confidence index jumped to 97.6 from a final reading of 93.4 in July, The index should reach 94.0.
  
"Consumer confidence rose in the first half of August to its highest level since January, due to a positive outlook on the overall economy.
 


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Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

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