03-03-2017 19:07 via feedproxy.google.com

US oil rig count rises for 7th straight week, Baker Hughes says

The US oil-rig count rose by seven to 609 this week, according to oilfield-services giant Baker Hughes. 
The gas rig count fell by five to 146. With miscellaneous rigs unchanged at one, the total rig count rose by two to 756. 
Last week the tally of oil rigs rose by six. 
West Texas Intermediate crude oil futures are headed for a weekly loss of about 1.5%, following data that shows US inventories remain high while demand for oil rigs increases.
Data from the Energy Infor
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