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U.S. rig count adds 7 in 15th straight week of gains

Published 05/05/2017, 01:12 PM
© Reuters.  U.S. rig count adds 7 in 15th straight week of gains
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  • The total count of U.S. active drilling rigs increased by 7 to 877 for its 16th consecutive weekly increase, Baker Hughes reports in its latest survey.
  • Oil rigs rose by 6 to 703, also higher for a 16th straight week, and gas rigs gained 2 to 173; one rig is labeled miscellaneous.
  • The counts for total rigs, oil rigs and gas rigs have all more than doubled in the past year, from a respective 415, 328 and 86.
  • ETFs: USO, UNG, OIL, UGAZ, UCO, DGAZ, SCO, BNO, BOIL, DBO, GAZ, DTO, USL, KOLD, UNL, DNO, OLO, SZO, DCNG, OLEM
  • Now read: OPEC Can't Save Crude Oil


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