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U.S. companies cut oil rigs for first week in three

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Christian Fernsby ▼ | January 31, 2020
U.S. energy firms reduced the number of oil rigs operating for the first time in three weeks.
Oil field
Energy in the U.S.   Oil field
Drillers cut one oil rig in the week to Jan. 31, bringing the total count down to 675, Baker Hughes said.

Topics: U.S. oil rig

In the same week a year ago, there were 847 active rigs.

In January, the rig count declined for the 13th time in the past 14 months following an increase in December.