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Total U.S. rig count surges by 13; oil rigs rise for sixth straight week

Published 05/11/2018, 01:19 PM
Updated 05/11/2018, 01:19 PM
© Reuters.  Total U.S. rig count surges by 13; oil rigs rise for sixth straight week
  • The total U.S. rig count continues its rapid ascent, climbing by another 13 to 1,045 following last week's gain of 11, according to Baker Hughes' latest weekly survey.
  • Oil rigs jumped by 10 to 844 for a sixth consecutive weekly increase; a year ago at this time, 712 oil rigs were in operation.
  • U.S. WTI crude prices have ticked slightly lower following the report, now -0.5% at $70.99/bbl.
  • ETFs: USO, UNG, OIL, UGAZ, UWT, DGAZ, UCO, DWT, SCO, BNO, BOIL, DBO, DTO, USL, KOLD, UNL, DNO, OLO, SZO, OLEM, WTIU, OILK, OILX, WTID, USOI, USOU, GAZB, USOD, UBRT, DBRT, OILD, OILU, USAI
  • Now read: Crude Oil Keeps On Going


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