U.S. oil rig count rises for 7th straight weekStaff Writer | October 14, 2016
The U.S. oil rig count rose by 4 to 432 this week, according to oilfield-services giant Baker Hughes.
Oil exploration The gas rig count rose by 11 to 105
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. ■