Open Demo Account
Home / Market Update / Commodities / US Oil Rigs Rise for Fifth Week in Row

US Oil Rigs Rise for Fifth Week in Row

M. Ali 23 October, 2020 10:18 pm Commodities, Market Update

The number of active oil rigs in the United States increased by six to a total of 211 during the week, according to the weekly rig count report by Baker Hughes.

This is the fifth consecutive rise in active drilling rigs in the US.

Meanwhile, the total number of oil and natural gas increased by five to 287.

Tags

Check Also

Gold Jumps Above $4,100 After Weak US Jobs Report Fuels Fed Rate Cut Hopes

The disappointing US payrolls data sends the dollar lower and boosts safe-haven demand. Gold rallied …

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