U.S. oil rig count going up for 5th straight weekStaff Writer | February 17, 2017
The .US. rig count increased by six this week to 597, according to Baker Hughes.
Oil exploration The tally of oil rigs rose by eight last week
The tally of oil rigs, which plunged with oil prices in 2014, rose by eight last week.
The count is more than 80% above the low reached in May 2016. ■