Oil prices slip as U.S. rig count rises again
Monday, 11 February 2019 19:31 WIB |
ENERGY |Minyak WTIMinyak jenis Brent
Crude was mixed on Monday, with signs of rising U.S. oil production and a stronger dollar pressuring prices, which saw a hefty drop last week.
Leading the losses, U.S. benchmark March West Texas Intermediate crude oil US:CLG9 fell 42 cents, or 0.2%, to $52.50 a barrel, after tumbling 4.6% last week - the largest loss since the week ended Dec. 21, according to Dow Jones Market Data.
International benchmark April Brent inched up 11 cents to $62.21 a barrel, after dropping 1% last week.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 7 to 854 last week. The rig count declined by 15 a week earlier, while the total active U.S. rig count edged up by 4 to 1,049.