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Oil drilling rig count falls for third straight week

Sep. 18, 2015 2:12 PM ETUCO, USO, OIL-OLD, DBO, USL, DTO, OLO-OLD, SCO, DNO, BNO, UWTI, DWTI, SZOXF, OILBy: Carl Surran, SA News Editor65 Comments
  • The number of active U.S. oil drilling rigs fell by 8, the third straight decline after six consecutive weekly increases, according to the latest survey from Baker Hughes.
  • Oil directed rigs now total 644, down 957 Y/Y and lower by 31 during the past three weeks.
  • The total active U.S. rig count, which includes natural gas rigs, fell by 6 to 842, the lowest total since January 2003; compared to last year, the total rig count has fallen by 1,089.
  • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM

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