U.S. Oil-Rig Count Caps First Six-Week Gain in a YearBy
U.S. oil producers are returning to the shale patch, adding rigs for a sixth-straight week in the longest streak of expansion since last August. Rigs targeting crude in the U.S. rose by 7 to 381 this week, according to Baker Hughes Inc. data released Friday. Drilling has increased as West Texas Intermediate oil prices have rebounded from a 12-year low in February.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Musk Takes Down the Tesla and SpaceX Facebook Pages
- Trump Wanted a Trade War. Here’s What One Looks Like
- A Horror Week for the Dow Has Investors Begging for Trump Respite
- Stocks Tumble in Biggest Weekly Decline Since 2016: Markets Wrap
- Qantas Passes Aviation Milestone With Direct Perth-London Flight