Oil rig count drops for 8th straight weekStaff writer ▼ | May 13, 2016
The oil rig count fell by 10 to 318 this week, according to driller Baker Hughes.
Oil exploration The oil rig count fell last week by 4
The oil rig count fell last week by 4.
The series has collapsed in the wake of the most recent oil decline that started almost two years ago. Oil prices have rebounded this year by nearly 40%, however. ■