Oil Rig Data
According to data released by oilfield services company Baker Hughes, the number of oil rigs in the United States increased by 5 in the week of July 20-26 compared to the previous week, reaching 482. The number of oil rigs in the country decreased by 47 in the last year.
Oil Prices
Brent crude, which closed at $82.37 on Thursday, closed at $81.13 on Friday. The price of a barrel of West Texas Intermediate (WTI) crude oil closed at $77.16 on Friday. The barrel of WTI crude oil closed at $78.28 on Thursday.