US energy firms add rigs for fourth week in a row, says Baker Hughes

U.S. energy firms added rigs for a fourth consecutive week—the first time this has happened since early June—per Baker Hughes’ closely followed weekly report. While the article doesn’t specify the rig count change, the continuation of additions suggests improving near-term drilling activity.

Analysis

U.S. energy firms added rigs for a fourth consecutive week—the first time this has happened since early June—per Baker Hughes’ closely followed weekly report. While the article doesn’t specify the rig count change, the continuation of additions suggests improving near-term drilling activity.