U.S. oil rig count jumps higher for 7th weekStaff Writer | August 12, 2016
The U.S. oil rig count rose for the seventh-straight week last week, according to the latest data from Baker Hughes.
Oil exploration A bit of recovery in oil prices
The rig count has been steadily ticking higher in recent weeks amid a bit of recovery in oil prices, though last week the price of oil fell below $40 briefly for the first time in months. ■