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Oil rig count rises for 6th straight week

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Staff Writer | February 24, 2017
Oil platform
Oil exploration   According to Baker Hughes:

The U.S. oil-rig count increased by five to a total of 602 this week, according to Baker Hughes.

At 632, the oil rig count would be double the trough it fell to after the most recent oil crash.

The gas rig count increased by two to 151. With one miscellaneous rig remaining in use, the total rig count rose by three to 754.

Last week, the oil rig count rose by six and the gas rig count by four.

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