Open Demo Account
Home / Market Update / Commodities / U.S. Oil Rig Count Rises for 11th Week in Row

U.S. Oil Rig Count Rises for 11th Week in Row

M. Ali 5 February, 2021 11:38 pm Commodities, Market Update

The number of active rigs drilling for crude oil and natural gas in the United States increased by 8 this week, according to the weekly reported released by Baker Hughes on Friday.

The total rig count currently stands at 392, less by 398 rigs compared with the same time of last year.

This is the 11th consecutive rise in the number of oil and gas rigs in the U.S.

The number of oil rigs rose by four rigs this week, while natural gas rigs increased by another four, data showed.

Tags

Check Also

Oil Prices Ease After Surge as Traders Weigh Iran Risks Against U.S. Stockpiles

Oil prices edged lower in Asian trading on Wednesday after the previous session’s sharp rally …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends