MARKET WATCH: NYMEX crude oil price falls along with gasoline futures

The light, sweet oil price for April delivery fell more than $1/bbl on the New York market for a second consecutive day Mar. 8, which analysts attributed to falling gasoline prices as well as rising US oil production and a strengthening US dollar. Source: News


Baker Hughes: International rig count rises 19 in February

The international rig count increased by 19 units month-over-month to 979 in February from the 960 rigs counted in January, and up 38 from the 941 counted a year ago, according to Baker Hughes data. Source: News