Saturday, February 22, 2025
Oil jumps as Fed signals it could 'act' to sustain expansion - Oil and Gas 360

Oil jumps as Fed signals it could ‘act’ to sustain expansion

From Reuters Oil prices rose above $61 a barrel on Friday as the head of the U.S. Federal Reserve said it would “act as appropriate” to sustain an economic expansion that has been pressured by uncertainty over global trade. Global benchmark Brent crude was up 60 cents, or 1%, at $61.59 a barrel by 12:23 a.m. CDT (1723 GMT), while

U.S. Rig Count Down Another 6 - Oil and Gas 360

U.S. Rig Count Down Another 6

Compiled by, Oil & Gas 360 This week’s Baker Hughes rig count shows that U.S. numbers declined by 6, resulting in the total count falling to 898 and marks the third straight decline. Canada decreased compared to last week with a total count of 147, representing a decrease of 3 rigs. Compared to this time last year, its total is