Oil, briefly up on lower rig counts, falls on U.S. output outlook

3/12/2018

Despite the lower rig count, which is an early indicator of future oil output, activity remains much higher than a year ago. The United States has become the world’s No. 2 crude oil producer, ahead of top exporter Saudi Arabia. WTI Crude is $61.27; Brent is $64.99 this morning.

Source: Reuters.com - By: Shadia Nasralla - Image: Reuters/Essam Al-Sundani

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