World oil prices went up by almost 7.9%, because of reduction of number of drilling rigs in the US to a five years minimum. This information is base on the results of the auctions.
RIA Novosti reported that at the auctions on January 30, 2015 cost of March Brent oil futures increased by 7.86% up to $52.99 per barrel, while WTI light oil – went up by 7.34% to $48.24 per barrel.
The experts say this is connected with reduction of number of drilling rigs in the US by 94 to 1,223. The oil producing companies have suspended operation of 352 drilling rigs during the past two months. Number of gas drilling rigs increased by 90 to 1,543, which is the minimum since June 2010.
Reduction of number of drilling rigs in the US shows that slump of prices has reduced profit in the oil production industry forcing the manufacturers to reduce costs and the drilling contractors to lay off the employees, said the agency quoting Bloomberg.
