Here comes the Baker Hughes rig count ...
Advertisement
Oil driller Baker Hughes will release its latest count of US oil and gas rigs at the top of the hour.
Advertisement
Advertisement
Last week, we saw the combined tally fall to a new low of 440. The oil rig count fell for a fourth straight week, by 3 to 351. And, the gas rig count was unchanged at 89.
Crude oil prices have rallied this week and were headed for a weekly gain of about 11%, even after a meeting of producers to possibly freeze output levels failed. A workers' strike in Kuwait, and a sixth weekly decline in US production, were among bullish catalysts.
We'll have the latest rig-count data at the top of the hour, so refresh this page for updates.
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Foreign tourist arrivals in India will cross pre-pandemic level in 2024
- Upcoming smartphones launching in India in May 2024
- Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
- Women in Leadership
- Rupee declines 5 paise to 83.43 against US dollar in early trade