According to American Chemistry Council (ACC) Weekly Chemistry & Economic Trends report on May 19, 2023, oil prices moved up during the week as Canadian wildfires disrupted production, but concerns about debt ceiling talks tempered those gains. U.S. natural gas prices moved higher compared to last Thursday. The combined rig count fell by 18 at the end of last week, with much of the decline in the number of gas rigs. The number of active gas rigs has fallen from 162 to 141 over the past seven weeks.
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