Tuesday, November 24, 2015

Baker Hughes rig count rises for the first time in 29 weeks

From:  Business Insider 



Jul. 2, 2015, 1:04 PM

The number of US oil rigs in use just rose for the first time in six months.

On Thursday, we learned that US oil rigs in use rose by 12 to 640, the first increase since December 5, 2014.

Last week, the total count of oil and gas rigs climbed for the first time in several weeks, by two to 859. The oil rig count fell for a 29th straight week, by three to 628, the lowest since August 6, 2010.

This week's combined oil and gas rig count was up 3 as 9 natural gas rigs were shut down.  MORE