Oil prices slipped again due to Reducing drilling units

Crude oil prices fall again Friday and caused worries among traders who are looking for a production slowdown that might boost oil prices after a report shows a decline in drilling units at U.S. market.
oil field services company Baker Hughes said that active U.S. rig count fell by 48 units this week and confirmed it is a smaller drop than it has reported in recent weeks, 37 of those rigs were drilling for oil, bringing the number of idled U.S. oil rigs down by 406 compared to this time last year. The oil rig count now is at its lowest level in almost four years.
U.S. benchmark West Texas Intermediate crude dropped 82 cents Friday to $50.34 a barrel in New York Mercantile Exchange trading, down about $3 for the week.
Brent crude, the international benchmark crude, edged up 11 cents to $60.32 in European trading Friday, but was down about $2 on the week.
On Thursday, Oil prices fall sharply after big rise in US oil inventories and rising output from Saudi Arabia.
Brent crude price falls $2 per barrel to reach to $58.53 on Thursday, after hitting a two-month high of $63 a barrel on Tuesday, this tumble drove the Russian rouble lower because oil is one of the country’s main exports.