The rig count in the Permian Basin was up three...
The rig count in the Permian Basin was up three this week, the latest count Friday by Baker Hughes shows, with 357 rigs active in the region. A year ago, 293 rigs were active in the region.
Nationally, the total oil and gas rig count is unchanged from last week at 771 rigs. A year ago, 610 rigs were active.
The oil rig countwas down four to 609, while the natural gas rig count was up four, to 160.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in August 2020 at 244.
The regional benchmark Plains-West Texas Intermediate Posting ended Friday at $76.16 per barrel, down $1.63 from last Friday's close. National benchmark West Texas Intermediate crude ended at $79.68 per barrel, down $1.63 from the previous week
Benchmark U.S. crude oil for March delivery fell...
Benchmark U.S. crudeoil for March delivery fell $1.33 to $79.68 a barrel Friday. Brent crudefor March delivery fell 81 cents to $86.66 a barrel.
Wholesale gasoline for February delivery fell 2 cents to $2.59 a gallon. February heating oilfell 13 cents $3.27 a gallon. February natural gas rose 17 cents to $3.11 per 1,000 cubic feet.
Dow, S&P 500 squander most of their gains at Friday's close but not the Nasdaq
U.S. stocks finished higher Friday, with the technology-heavy Nasdaq Composite leading the way up, as...
U.S. stocks finished higher Friday, with the technology-heavy Nasdaq Composite leading the way up, as investors assessed fresh data on inflation and the economy as well as companies’ fourth-quarter earnings reports. The Nasdaq booked a fourth straight week of gains, its longest weekly win streak since August.
The Dow Jones Industrial Average DJIA, +0.08% rose 28.67 points, or 0.1%, to close at 33,978.08, booking six straight days of gains in its longest winning streak since late October.
The S&P 500 SPX, +0.25% gained 10.13 points, or 0.2%, to finish at 4,070.56 in back-to-back gains.
The Nasdaq Composite COMP, +7.26% advanced 109.30 points, or 0.9%, to end at 11,621.71, also booking back-to-back daily gains.
For the week, the Dow rose 1.8%, while the S&P 500 gained 2.5% and the tech-heavy Nasdaq jumped 4.3%.
The Energy Information Administration (EIA) on Thursday reported a lighter-than-average 91 Bcf withdrawal...
The Energy Information Administration (EIA) on Thursday reported a lighter-than-average 91 Bcf withdrawal from U.S. natural gas storage facilities during the week ended Jan. 20. The print surpassed market expectations but still saw the year-on-five-year average surplus grow to 128 Bcf, or plus-4.9%.
Total Lower 48 working gas in underground storage stood at 2,729 Bcf as of Jan. 20, according to EIA.
