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,
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:
Insider/Andy Kiersz, information from Baker Hughes
Get a latest Oil WTI cost here.