U.S. oil rig count slides againStaff writer ▼ | June 24, 2016
The total count of online U.S. oil rigs fell by 7 to 330 this week, according to drilling giant Baker Hughes.
Oil exploration The biggest fall in six weeks
Some producers brought rigs back online as crude oil rallied and crossed $50 per barrel.
But this week, the oil rig count fell by the most in six weeks. The gas rig count rose by 4 to 90, taking the total down 3 to 421. ■