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U.S. oil and gas rig count rises by most since January

Christian Fernsby ▼ | October 16, 2020
U.S. energy firms this week added the most oil and natural gas rigs since January.
Oil rig
Indicator   Oil rig
The oil and gas rig count, an early indicator of future output, rose for the fifth week in a row, increasing 13 to 282 in the week to Oct. 16, Baker Hughes said.

Topics: U.S.

The total rig count fell to a record low of 244 rigs during the week ended Aug. 14, while oil rigs alone fell to a 15-year low at 172 in the same week, according to Baker Hughes.