After 4 months U.S. oil rig count fallsStaff Writer | October 28, 2016
The US oil rig count fell by two to 441 this week, according to oilfield services giant Baker Hughes. It was the first drop since the week of June 24.
Oil exploration Miscellaneous rigs were unchanged
The tally of oil rigs rose in recent weeks, with oil prices near $50 per barrel and demand for drilling equipment on the rise. Last week, the oil rig count rose by 11. ■