Oil prices climb amid falling U.S. rig count

Source: Xinhua| 2019-11-16 05:32:57|Editor: huaxia
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NEW YORK, Nov. 15 (Xinhua) -- Oil prices gained on Friday after data showed U.S. oil rig count fell this week.

The number of active drilling rigs in the United States decreased by 11 to 806 this week, down 276 compared to the same period last year, according to weekly data released by Baker Hughes on Friday.

According to the Houston-based oilfield services company, U.S. rigs classified as drilling for oil were down 10 at 674.

The West Texas Intermediate (WTI) for December delivery increased 0.95 U.S. dollar to settle at 57.72 dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery climbed 1.02 dollars to close at 63.30 dollars a barrel on the London ICE Futures Exchange. Enditem