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

U.S. Oil Rig Count Rises for Eight Week in Row

M. Ali 15 January, 2021 11:18 pm Commodities, Market Update

Active rigs drilling for oil in the United States increased by 12 to 287 this week, according to the weekly report released on Friday by Baker Hughes.

This is the eight consecutive weekly rise for the U.S. oil rig count.

The total rig count, representing the number of active rigs drilling for both oil and natural gas, rose by 13 to a total of 373.

Tags

Check Also

Oil Erases Gains as U.S.-Iran Peace Talks Resume Despite Air Strikes: ING Warns Hormuz “Still Some Way Off” From Resolution

Key Takeaways Oil retreats: Brent fell 1.4% to $91.76 per barrel, while WTI dropped 1.3% …

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