Here comes the Baker Hughes rig count ...
Advertisement
REUTERS/Balazs Koranyi
Advertisement
Last week, the tally did not increase for the first time in nine weeks. The rebound in the count that preceded that flattening came as crude oil approached $50 per barrel and some producers became more confident in the industry's outlook.
The total rig count last week was 489, as gas rigs fell by 2 to 81.
West Texas Intermediate crude oil is headed for its worst week since March, even amid a 3% rebound on Friday. Futures tanked on Wednesday after the Energy Information Administration reported a greater-than-expected build in US inventories.
Futures traded near $44.48 per barrel ahead of the rig-count release.
Advertisement
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- 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.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas