Open Demo Account
Home / Market Update / Commodities / U.S. Oil Rigs Register Biggest Increase in 4.5 Months

U.S. Oil Rigs Register Biggest Increase in 4.5 Months

M. Ali 13 August, 2021 9:43 pm Commodities, Market Update

The number of active rigs drilling for crude oil in the United States rose by 10 to 397 this week, data by Baker Hughes showed on Friday.

This marked the largest increase for U.S. oil rigs since the beginning of April.

The total rig count rose by nine to reach 500, as natural gas rigs decreased by a single rig.

Tags

Check Also

Oil Markets Eying Weekly Gains Following PMI Data

Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US …

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