American energy companies reduced the number of active oil and gas rigs to a record low, but for the first time since March, added a oil rig on the background of recovery in oil prices.
For the week ended July 24, the number of drilling rigs decreased by two to a historic low of 251 installation said on Friday, oilfield services company Baker Hughes.
the Number of working drilling rigs in the U.S. are now at 695, or 73% less than in the same period last year.
the Number of oil rigs, a leading indicator of future volume of production in the USA increased by one to 181, and gas - fell by 3 to 68, which is the lowest rate since 1987, according to Baker Hughes.
oil Prices fell on Monday as growth in the number of cases of coronavirus and tensions in relations between the US and China have increased the demand for safe assets.
Futures on Brent oil fell by 0.58% to $43,09 per barrel by 09:23 GMT, WTI - slowed down 0.58% to $of 41.05 per barrel.
a Similar trend showed the broader financial markets in Asia on concerns about the escalation of tensions between the two largest economies in the world after the closure of the consulates in Houston and Chengdu.