U.S. Oil-Rig Count Falls by Two in Latest Week, Baker Hughes Says
22 Oktober 2021 - 8:20PM
Dow Jones News
By Dave Sebastian
The number of rigs drilling for oil in the U.S. fell by two in
the latest week to 443, according to oil-field services company
Baker Hughes Co.
The oil-rig count was 232 higher than a year earlier, Baker
Hughes said Friday.
The nation's gas-rig count rose by one to 99 in the latest week,
and was up by 26 compared with the same week last year.
The U.S. offshore-rig count rose by one to 13 this week and is
unchanged from the year-ago period.
The U.S. oil-rig count is viewed as a proxy for activity in the
sector. The metric peaked at 1,609 in October 2014.
Global oil benchmark Brent crude rose to about $85.46 a barrel
Friday. West Texas Intermediate crude, the U.S. benchmark, rose to
about $83.64 a barrel.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
October 22, 2021 14:05 ET (18:05 GMT)
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