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

US Oil Rigs Rise in Week

M. Ali 5 December, 2020 1:44 am Commodities, Market Update

Active crude oil and natural gas rigs in the United States rose this week, for the eleventh time in 12 weeks.

Oil and gas rig count increased by three to 323 in the week that ended on December 4, according to the Baker Hughes weekly report.

Oil rigs alone increased by five to 246 this week, reaching its highest level since May.

On the other hand, gas rigs declined by to two to a total of 75.

Tags

Check Also

Gold Prices Surge on Cooling US Inflation and Fed Rate Cut Bets

Gold prices climbed modestly on Wednesday, with XAU/USD trading near $3,341.75, up up+0.55% after briefly …

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