Oil drilling rigs
Oil prices rose on Friday, heading for the first weekly gain in three weeks on improved global demand and easing US inflation pressures. 
Brent crude futures for July delivery increased by 0.32% to $83.54 a barrel, at 8:28 Makkah time, with a weekly gain of 1% so far.
Similarly, futures prices for US West Texas Intermediate (WTI) crude for June delivery rose by 0.16% to $79.36 per barrel, recording a weekly gain of 1.4%.
US oil inventories fell by 2.5 million barrels last week compared to the expected decline of 400,000 barrels, the American Petroleum Institute (API) data showed.
Saudi Arabia, the world’s largest crude exporter, raised prices for all crude oil grades to Asia, in line with forecasts.
US oil rig count rose two units to 508 in the week ended April 5, General Electric Co.’s Baker Hughes energy services firm said in its report on Friday.
Gas rig count fell by two to 110, the lowest level since the week ended Jan. 14, 2022.
Oil drilling rigs
Oil prices rose on Friday, heading for the first weekly gain in three weeks on improved global demand and easing US inflation pressures.
Brent crude futures for July delivery increased by 0.32% to $83.54 a barrel, at 8:28 Makkah time, with a weekly gain of 1% so far.
Similarly, futures prices for US West Texas Intermediate (WTI) crude for June delivery rose by 0.16% to $79.36 per barrel, recording a weekly gain of 1.4%.
US oil inventories fell by 2.5 million barrels last week compared to the expected decline of 400,000 barrels, the American Petroleum Institute (API) data showed.
Saudi Arabia, the world’s largest crude exporter, raised prices for all crude oil grades to Asia, in line with forecasts.
US oil rig count rose two units to 508 in the week ended April 5, General Electric Co.’s Baker Hughes energy services firm said in its report on Friday.
Gas rig count fell by two to 110, the lowest level since the week ended Jan. 14, 2022.
