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
- Thailand is now welcoming Indians with open arms, but are its drought-hit islands really prepared for a tourism influx?
- Thoughtful gift ideas to make Mother's Day extra special
- Muslims up, Hindus down: What’s the larger picture behind India’s religious population trends?
- Scooch over magic mushrooms, toad venom could be the next big psychedelic for depression and anxiety!
- TBO Tek IPO allotment – How to check allotment, GMP, listing date and more