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Second straight weekly rise in U.S. oil-rig count

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Staff Writer | March 23, 2018
oil-rig count up
Oil exploration   According to Baker Hughes:

Baker Hughes reported that the number of active U.S. rigs drilling for oil rose by four to 804 this week.

The oil-rig count had also climbed by four last week. The total active U.S. rig count, which includes oil and natural-gas rigs, also climbed by five to 995, according to Baker Hughes.

May West Texas Intermediate crude was up $1.06, or 1.7%, from Thursday, to $65.36 a barrel, little changed from shortly before the rig data.


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