The number of drilling in the United States peaked in six months – RBC

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The number of drilling in the United States showed growth of the eighth week in a row, reaching a maximum of six months, data indicate Baker Hughes Inc. As the Financial Times, the increase in the number of drilling takes place amid rising oil prices

The number of drilling rigs in the United States during the week from 12 to 19 August has increased by 10 units and reached 406, writes Financial Times referring to Baker data Hughes Inc. As the newspaper notes, the highest figure since February 19 this year.

In this case, the current number of drilling is much less reached in September 2014 a peak in 1592 rigs. Nevertheless, the number of drilling in the US shows growth for the eighth consecutive week against the backdrop of the recent rise of oil prices, writes the FT.

Earlier, on August 18 trades futures Brent and WTI crossed the mark of $ 50.16 and 47, 41, respectively, showing an increase of more than 20% of the local minima recorded August 2.

The price increase took place against the backdrop of the US reduction of oil reserves, as well as the expectations of the measures to stabilize the market, which can take on the informal meeting of OPEC the end of September.

oil reserves in the US declined by the end of last week by 2.5 million barrels to 521.1 million, follows from the energy information Administration report, the US Department of energy (EIA). Analysts surveyed by Bloomberg had forecast that the index, on the contrary, will increase by 950 thousand. Barrels.