U.S. drillers add oil rigs for second consecutive weekStaff Writer | February 2, 2018
U.S. energy companies added oil rigs for a second week in a row as crude prices hovered near their highest levels since 2014.
Oil exploration An early indicator of future output
The U.S. rig count, an early indicator of future output, is much higher than a year ago when 583 rigs were active after energy companies started to boost spending in mid-2016 as crude were recovering from a two-year price crash. ■