US oil and gas rig counts decline, with crude production and oil prices also falling.

The US rig count for oil and gas fell by one to 584, with oil rigs down to 478 and gas rigs at 101. The Permian Basin's rig count stayed at 303, while US crude oil production dropped by 100,000 barrels per day. Oil prices also declined, with WTI trading at $67.35 and Brent at $71.32. The rig counts show a significant drop from the same period last year.

November 15, 2024
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