U.S. drillers add most oil rigs since MayStaff Writer | August 10, 2018
U.S. energy companies this week added the most oil rigs since May as drillers plan to spend more in anticipation of higher crude prices in 2018 than recent years.
Oil exploration Drillers added 10 oil rigs in the week
The U.S. rig count, an early indicator of future output, is higher than a year ago when 768 rigs were active as energy companies have been ramping up production in anticipation of higher prices in 2018 than previous years. ■