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Crude oil prices decline amidst rising rig count and refinery fire
Feb. 11, 2019
Source: Reuters

Crude oil prices decline amidst rising rig count and refinery fire

Oil prices dipped in the international market today after BHGE data showed a climb in rig count in the US. Benchmark Brent crude oil futures dropped 1.1% to $61.39 a barrel. US WTI crude futures dipped 1.5%, to $51.92 per barrel. BHGE data released on Friday showed rig count in the US reaching to 854. Fire in Phillips 66’s Wood River refinery yesterday weighed down on WTI prices as well.

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