U.S. drillers leave oil rig count unchangedStaff Writer | July 13, 2018
U.S. energy companies this week added no oil rigs as the rate of growth has slowed over the past month or so with a decline in crude prices from late May through late June.
Oil exploration The U.S. rig count is higher than a year ago
The U.S. rig count, an early indicator of future output, is higher than a year ago when 765 rigs were active as energy companies have ramped up production in anticipation of higher prices in 2018 than previous years. ■