U.S. oil producers put 10 rigs back onlineStaff Writer | August 26, 2016
The U.S. oil rig count did not rise for the first time in nine weeks this week, according to Baker Hughes.
Oil exploration The gas rig count fell by 2 to 81
Over the last few weeks, the tally rose as crude oil prices rallied out of a bear market. Also, the largest oilfield services companies signaled that they anticipated a turnaround in the oil market during the second half of the year.
After the release, West Texas Intermediate crude oil futures in New York were little changed, up 0.04% to $47.52 per barrel. ■