U.S. oil rig count falls to lowest since April 2018Staff Writer | March 15, 2019
U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row, General Electric’s Baker Hughes said.
America Drillers cut one oil rig in the week to March 15
The U.S. rig count, an early indicator of future output, is a little higher than a year ago when 800 rigs were active after energy companies boosted spending in 2018 to capture higher prices that year. ■