Oil prices rise despite rising U.S. rig count

0 Comment(s)Print E-mail Xinhua, February 9, 2019
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NEW YORK, Feb. 8 (Xinhua) -- Oil prices rose slightly on Friday despite rising U.S. rig count.

The U.S. oil rig count rose by seven this week, bringing the total count to 854, according to data released by oilfield services company Baker Hughes on Friday.

The West Texas Intermediate for March delivery added 8 U.S. cents to settle at 52.72 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April increased 47 cents to close at 62.10 dollars a barrel on the London ICE Futures Exchange. Enditem

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