Jul 03 2017

Oil Prices Climb up on First Drop in U.S. Drilling in Months

Following the first fall in U.S. drilling in months, oil prices have edged up.

According to Energy Services Firm Baker Hughes Inc, despite the dip in US drilling activity, total rig count was still more than the double 341 rigs in the same week a year ago.

Worldwide, oil markets remain oversupplied as output from within OPEC hit a 2017 high.