The number of rigs drilling for oil in the United States jumped in biggest gain in nearly a year as crude extended a rally that began earlier this year.
Led by Texas, the number of rigs drilling for oil jumped by 15, the largest increase since May and the first weekly increase since early February, according to the Houston oilfield services company Baker Hughes. Crude, which just enjoyed its best quarter in a decade, climbed nearly 2 percent Friday and settled above $63 a barrel for the first time since November.
In the spotlight
American Oilfield Caps
Checkout these awesome new American Oilfield caps now available on the Oilfield1 Shop!!! American Oilfield Caps – Click [...]