POST Online Media Lite Edition


U.S. drillers add oil rigs for third week

Staff Writer |
U.S. energy companies added oil rigs for a third week in a row even though crude prices have declined about 8 percent over the past three weeks.

Article continues below

Drillers added one oil rig in the week to June 8, bringing the total count to 862, the highest level since March 2015, General Electric’s Baker Hughes said.

That was the ninth time drillers added rigs in the past 10 weeks.

What to read next

U.S. oil drillers cut rigs for 4th week to November 2009 lows
U.S. oil companies cut rigs for first week in three
U.S. drillers add oil rigs for second week in a row