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Crude prices fall from 2016 highs as U.S. oil rig count rises
March 20, 2016 by admin · Leave a Comment
Crude oil prices settled lower on Friday after the U.S rig count rose for the first time since December, renewing worries of a supply glut after an output freeze proposal helped boost the market to 2016 highs and multi-week gains. U.S. energy firms this week added one oil rig after 12 weeks of cuts, according to data by industry…
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Crude prices fall from 2016 highs as U.S. oil rig count rises