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U.S. drillers add oil rigs for third week

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Staff Writer | June 8, 2018
oil rigs
Oil exploration   Drillers added one oil rig in the week to June 8

U.S. energy companies added oil rigs for a third week in a row even though crude prices have declined about 8 percent over the past three weeks.

Drillers added one oil rig in the week to June 8, bringing the total count to 862, the highest level since March 2015, General Electric’s Baker Hughes said.

That was the ninth time drillers added rigs in the past 10 weeks.


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