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  • WTI Crude oil soared 3% to edge up above $38 per barrel as Hurricane Sally, a category two hurricane, threatens both Gulf of Mexico operations. MCX Crude ended at Rs 2830 per barrel, up 3% on the day. Baker Hughes data showed on Friday that the number of oil rigs in the United States dropped by 1 to 180. The total number of active oil and gas rigs fell for the week by 2, with oil rigs falling by 1 and gas rigs falling by 1. Total oil and gas rigs in the United States are now down by 632 compared to this time last year. US energy firms have cut the number of oil and natural gas rigs operating for the first time in four weeks.

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