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

US Oil Rigs Rise for Sixth Week in Row

M. Ali 30 October, 2020 10:40 pm Commodities, Market Update

The number of active oilrigs in the United States rose by 10 to 221 during the week, according to the weekly report by Baker Hughes released on Friday.

This is the sixth consecutive weekly increase in active rigs drilling for oil in the US.

A decline in natural gas rigs by one meant that the total number of oil and gas rigs increased by 9 to a total of 296.

Tags

Check Also

New Fed Chair: Kevin Warsh Takes the Helm While Markets Brace for Tough Economic Choices

President Donald Trump officially swore in Kevin Warsh as chairman of the Federal Reserve during …

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