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Rigs Rise, Oil Prices Dip | Odessa News
Rigs in the Permian Basin hit 260 this week, just one ahead of last year’s count, while U.S. rigs climbed to 588 — up from 540 a year ago — with 451 focused on oil. The industry’s rollercoaster continues: peak rigs were 4,530 in 1981, and bottomed at 244 in August 2020. Oil prices dipped this week, with regional WTI closing at $81.15 and national WTI at $84.67 — both down $4.64 from the prior week — highlighting the constant dance between supply, demand, and market shifts. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
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