Home / Market Update / Commodities / US Oil Rigs Rise for Fourth Week in Row

US Oil Rigs Rise for Fourth Week in Row

The number of active oil rigs in the United States increased by five to a total of 263 this week, according to the weekly report by Baker Hughes.

This is the fourth consecutive weekly rise in US oil rigs.

The total active rig count in the United, including rigs drilling for crude oil and natural gas, added eight to reach 346.

Check Also

Gold Steadies Above $3,350 as Soft Dollar Counters Bullish Market Vibes

Gold prices are holding firm above the $3,350 mark, bolstered by a weakening US Dollar …