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US oil supply count rises for a 23rd true week

The US oil-rig count rose by 11 to 758,
according to oilfield-services association Baker Hughes.

The oil-rig count has risen for 23 true weeks, fluctuating a
record-long strain of increases.

The gas-rig count fell by 3 to 183, and diverse rigs
were unvaried during zero, creation a sum supply count 941.

Oil was trade somewhat aloft around 1:00 p.m. ET Friday,
with West
Texas Intermediate, a US benchmark, during $42.98 a barrel, up
$0.20 or 0.47%.

Here’s a draft display how a supply count has grown over the
final several years:

6 23 17 oil rigs chart
Insider/Andy Kiersz, information from Baker Hughes

Get a latest Oil WTI cost here.

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