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Oil rig count rises for 2nd straight week

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Staff writer ▼ | June 10, 2016
The U.S. rig count rose for a second straight period this week, by 3 to 328, according to Baker Hughes.
Oil rig count
Oil exploration   Some drillers decided to bring rigs online
This indicates that some drillers decided to bring rigs online as oil prices rebounded and headed towards $50 per barrel.

The gas rig count rose 3 to 85, and the total was up 6 to 414.

Last week, the tally rose for the first time this year, by 9. The gas rig count fell 5, and the total rose 4 to 408.