According to oilfield service company Baker Hughes (BHI), there were 1,893 active oil and gas rigs in the US during the week ending December 12. That’s 27 rigs less than in the week ending December 5.
Domestic investors are closely watching the weekly report on U.S. active oil rigs for clues on the future of the commodity price. But the evidence shows that the process actually works in reverse – ...
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