U.S. drilling rigs drop for third straight week, Baker Hughes says (NYSEARCA:USO)

U.S. drilling rigs drop for third straight week, Baker Hughes says (NYSEARCA:USO)


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Active drilling rigs in the U.S. fell for a third straight week, down 1 to 762, still 51% higher than active rigs at the same time last year, according to the latest weekly survey from Baker Hughes.

Drilling rigs targeting crude oil remained unchanged at 601 after rising last week, while gas rigs lost 1 to 159, with 2 rigs still classified as miscellaneous.

Rigs targeting oil in the Permian Basin fell by 1 to 342.

ETFs: (NYSEARCA:USO), (UCO), (SCO), (USL), (DBO), (USOI), (NRGU), (OILK), (OLEM)

Quoted from Various Sources

Published for: Ipodifier