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U.S. oil rig count climbs for 4th straight week

Staff Writer | February 10, 2017
The count of active oil rigs in the U.S. rose again this week, by eight to 591, according to Baker Hughes.
U.S. oil rig count climbs
Oil exploration   Four gas rigs came online
The count, up for a fourth straight week, is more than 80% higher than the low reached in May 2016.

The tally is at its highest level since the week of October 23, 2015.

Four gas rigs came online, taking the total to 149. With one miscellaneous rig remaining in use, the total rig count was up 12 to 741.