U.S. oil and gas rig count rises by most since January
Topics: U.S.
The oil and gas rig count, an early indicator of future output, rose for the fifth week in a row, increasing 13 to 282 in the week to Oct. 16, Baker Hughes said.
The total rig count fell to a record low of 244 rigs during the week ended Aug. 14, while oil rigs alone fell to a 15-year low at 172 in the same week, according to Baker Hughes. ■