News End-User News U.S. Oil, Gas Drilling Jumps the Most in Nine Months After Prices Gained
U.S. Oil, Gas Drilling Jumps the Most in Nine Months After Prices Gained
Monday, 16 August 2010 09:39
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Oil rigs operating in the U.S. jumped the most in nine months this week after prices climbed to a three-month high of $82.97 a barrel last week, according to data published by Baker Hughes Inc.

Rigs exploring for and producing oil climbed by 25 to 636, the highest level since January 1991.

Source: Bloomberg

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