NEW YORK -(Dow Jones)- The number of rigs drilling for oil and natural gas inthe U.S. rose this week as producers looked to signs of economic recoverydespite week energy prices.
The number of oil and gas rigs climbed to 943, up 23 from the previous week,according to rig data from oil-field services company Baker Hughes Inc (BHI).The number of gas rigs was 675, an increase of 10 rigs from last week, while theoil rig count rose to 257, an increase of 13 rigs. The number of miscellaneousrigs was unchanged at 11. The Dow Jones industrial average climbed above 9,000 for the first time sinceJanuary this week on positive economic data and some better-than-expectedcompany earnings. Oil and gas producers have been looking for signs of economicrecovery that could boost the demand for the fuels.
Full Story: Baker Hughes: US Oil, Gas Rig Count Rises 23 To 943 This Week - CNNMoney.com
The number of oil and gas rigs climbed to 943, up 23 from the previous week,according to rig data from oil-field services company Baker Hughes Inc (BHI).The number of gas rigs was 675, an increase of 10 rigs from last week, while theoil rig count rose to 257, an increase of 13 rigs. The number of miscellaneousrigs was unchanged at 11. The Dow Jones industrial average climbed above 9,000 for the first time sinceJanuary this week on positive economic data and some better-than-expectedcompany earnings. Oil and gas producers have been looking for signs of economicrecovery that could boost the demand for the fuels.
Full Story: Baker Hughes: US Oil, Gas Rig Count Rises 23 To 943 This Week - CNNMoney.com
