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Oil prices drop over growing rig count
Jan. 28, 2019
Source: Reuters

Oil prices drop over growing rig count

Oil prices dropped in the international market on Monday after reports of a rising count of drilling rigs in the US amidst the economic slowdown in China. Benchmark Brent crude oil futures traded down 0.2%, at $61.50 a barrel. US WTI crude oil futures dropped 0.5%, to $53.43 per barrel. Baker Hughes report on Friday showed rig count rising to 862, indicating that US crude production may rise further.

   Read More About : China Oil Prices US Brent Crude Baker Hughes
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