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Oil Heads for Biggest Weekly Drop Since March as Rig Count Rises
2015-07-03 17:37:54| Oil & Gas - Topix.net
Futures in New York fell for a third day and were down 5 percent for the week. The number of active rigs seeking oil climbed by 12 to 640, the first gain since December, according to data from Baker Hughes Inc. U.S. crude stockpiles increased by 2.39 million barrels through June 26, a government report showed Wednesday, boosting supplies further above seasonal average levels.
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Category:Energy and Environment
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