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U.S. oil rig count rises for 7th straight week

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U.S. oil rig count rises
Oil exploration   The gas rig count rose by 11 to 105

The U.S. oil rig count rose by 4 to 432 this week, according to oilfield-services giant Baker Hughes.


The gas rig count rose by 11 to 105. The total count came up to 539.

Last week, the U.S. oil rig count rose by three to 428, while the gas rig count fell by two to 94.

Oil prices have ticked up slightly over the last couple of weeks to around $50 a barrel.


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