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U.S. drillers cut oil rigs

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Christian Fernsby ▼ | January 3, 2020
U.S. energy firms reduced the number of oil rigs operating for the second straight week as producers follow through on plans to slash spending on new drilling.
Oil rig
American oil   Drillers cut 7 oil rigs
Drillers cut 7 oil rigs in the week to Jan. 3, bringing the total count down to 670, Baker Hughes said today.

Topics: U.S. oil

In the same week a year ago, there were 877 active rigs.