Total U.S. rig count falls by three to 421 as oil prices struggle to stay above $50 per barrel
After three weeks of slowly increasing, the U.S. rig count posted a loss for the week ended June 24, 2016. The total number of active rigs operating in the country fell by three to 421 this week, according to information released by Baker Hughes Industries (ticker: BHI).

Rigs drilling for oil largely drove the rise in the U.S. rig count over the course of June, but drilling activity pursuing oil slumped this week, with the U.S. fleet shedding seve...

Legal Notice