Oil Prices Climb As Oil Rig Count Drops

The number of active oil and gas rigs in the United States
fell this week by 3 rigs as drillers in the United States proceed
more cautiously as oil prices fail to sustain any significant
increase. Combined, the total oil and gas rig count in the US now
stands at 946 rigs, up 455 rigs from the year prior, with oil rigs
in the United States decreasing by 5 and gas rigs increasing by 1.
Oil rigs in the United States now number 763—357 rigs above this
time last year. Canada lost 6 oil rigs this week, with the number
of gas rigs holding steady—for…

The number of active oil and gas rigs in the United States
fell this week by 3 rigs as drillers in the United States proceed
more cautiously as oil prices fail to sustain any significant
increase. Combined, the total oil and gas rig count in the US now
stands at 946 rigs, up 455 rigs from the year prior, with oil rigs
in the United States decreasing by 5 and gas rigs increasing by 1.
Oil rigs in the United States now number 763—357 rigs above this
time last year. Canada lost 6 oil rigs this week, with the number
of gas rigs holding steady—for…