United States Oil Fund (USO): U.S. rig count adds 7 in 15th straight w...

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Re: toomuchmoney post# 1612

Friday, 05/05/2017 5:47:42 PM

Friday, May 05, 2017 5:47:42 PM

U.S. rig count adds 7 in 15th straight week of gains

The total count of U.S. active drilling rigs increased by 7 to 877 for its 16th consecutive weekly increase, Baker Hughes reports in its latest survey.

Oil rigs rose by 6 to 703, also higher for a 16th straight week, and gas rigs gained 2 to 173; one rig is labeled miscellaneous.

The counts for total rigs, oil rigs and gas rigs have all more than doubled in the past year, from a respective 415, 328 and 86.

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