Replies to post #117245 on Coffee Sipping Big Board Stocks

[EZ2]

U.S. Oil-Rig Count Rose by 13 in Latest Week
DOW JONES & COMPANY, INC. 1:30 PM ET 12/23/2016
Symbol Last Price Change
BHI 64.95up -0.66 (-1.01%)
QUOTES AS OF 01:31:06 PM ET 12/23/2016
The number of rigs drilling for oil in the U.S. rose by 13 in the past week to 523, according to oil-field services company Baker Hughes Inc.(BHI)

The U.S. oil-rig count is typically viewed as a proxy for activity in the sector. After peaking at 1,609 in October 2014, low oil prices put downward pressure on production and the rig count fell sharply. The oil-rig count has generally been rising since the beginning of summer.

The nation's gas-rig count rose by three to 129 in the past week, according to Baker Hughes(BHI).

The U.S. offshore-rig count is up three from last week at 25, which is one more than a year ago.

Oil prices were 0.3% lower at $52.81 a barrel in afternoon trading Friday.

General Electric Co. reached a deal last month to combine its oil-and-gas business with Baker Hughes(BHI), creating a publicly traded energy powerhouse that would give GE a cost-effective way to play any recovery in the industry.

Write to Austen Hufford at [e-mail]


(END) Dow Jones Newswires
12-23-161330ET
Copyright (c) 2016 Dow Jones & Company, Inc.

[capgain]

Very nice Tim.