US oil-rig count increases to a nearly two-year high
Advertisement
Ted S. Warren/AP
Advertisement
The oil rig count was at its highest level since the week ending April 24, 2015.
As of about 1:07 PM eastern time, the US benchmark West Texas Intermediate crude oil was down about 1.9% to a price of $49.32 per barrel.
Last week, the oil-rig count rose by 11, gas rigs fell by three, and miscellaneous rigs were unchanged at two.
Here's how the oil-rig count has changed over the last several years:
Advertisement
Advertisement
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh