U.S. drillers add oil rigs for second week in a rowStaff Writer | December 28, 2018
U.S. energy firms added oil rigs for a second week in a row even as oil prices fell to 1-1/2-year lows and headed for losses of more than 20 percent this year.
America For the month the rig count fell by 2
For the month the rig count fell by 2, its first decline in six months. But for the quarter, the count was up 26, the fourth increase in a row.
For the year the count was up 138. That compares with an increase of 222 rigs in 2017 and a decline of 11 rigs in 2016. ■