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US Oil Drillers Turn Cautious as WTI Holds Near $85 per Barrel
['Julianne Geiger', 'Julianne Geiger Is A Veteran Energy Journalist', 'Market Analyst With More Than A Decade Of Experience Covering The Global Oil', 'Gas Sector. Her', 'More Info']
OilPrice.com Daily News Update
The number of active oil rigs rose by 1, reaching 451 during the latest reporting period, according to the data.
The number of gas rigs stayed the same at 127, which is 3 more than this time last year.
The latest EIA data showed that weekly U.S. crude oil production fell slightly during week ending July 24.
US crude oil production averaged 13.796 million bpd during the reporting period, down from 13.798 million bpd last week and up 482,000 bpd from a year ago.
The number of active drilling rigs in the Permian Basin rose by 2 in the reporting period, hitting 260.