Number of active U.S. rigs declines by 8 rigs to 660 last week

Market news

18 May 2015

Number of active U.S. rigs declines by 8 rigs to 660 last week

The oil driller Baker Hughes reported that the number of active U.S. rigs declined by 8 rigs to 660 last week, the lowest weekly level since August 2010.

Combined oil and gas rigs fell by 6 to 888.

The number of oil rigs declined about 60% from its peak of 1,609 in October 2014.

U.S. economy is expected to grow 2.5% in the second quarter

UK’s leading economic index rises 0.2% in March

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