U.S. oil rig count up to 750Staff Writer | September 29, 2017
U.S. energy companies added oil rigs for the first week in seven after a 14-month drilling recovery stalled in August.
Oil exploration Baker Hughes
The rig count, an early indicator of future output, is still higher than the 425 active oil rigs a year ago as energy companies pursued ambitious spending programs for 2017.
For the month of September, the rig count fell by nine, after dropping by seven in August. ■