Replies to post #119020 on Coffee Sipping Big Board Stocks

[EZ2]

U.S. Oil-Rig Count Rises by Nine

DOW JONES & COMPANY, INC. 1:32 PM ET 4/28/2017

Symbol Last Price Change
BHI 59.4up -0.25 (-0.42%)
QUOTES AS OF 01:32:05 PM ET 04/28/2017

The number of rigs drilling for oil in the U.S. rose by nine in the past week to 697, 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 receded. However, the oil-rig count has generally been rising since last summer.

The nation's gas-rig count rose by four to 171 in the past week, according to Baker Hughes(BHI).

The U.S. offshore-rig count fell three rigs from last week to 17, which is down eight rigs year over year.

On Friday, oil prices rose 0.5% to $49.21.

Write to Austen Hufford at [e-mail]


(END) Dow Jones Newswires
04-28-171332ET
Copyright (c) 2017 Dow Jones & Company, Inc.

[EZ2]

THE WALL STREET JOURNAL
News Alert

Trump Signs Executive Order Easing Offshore-Drilling Regulations


President Donald Trump signed an executive order to ease regulations on offshore drilling and eventually allow more to occur, particularly in the Arctic Ocean.

The president touted the order as a plus for energy independence, jobs and economic growth. Environmentalists decried the action.

The order, which takes aim at last-minute Obama administration actions restricting drilling in the Arctic and Atlantic oceans, will likely have limited immediate impact due to low oil prices, which currently make drilling in such areas economically unattractive.

See More Coverage » WSJ

[capgain]

GL with it EZ.

[timhyma]

What is up with RIG- beat estimates and getting punished?