US Rig Count Up for Fourth Month in a Row - Baker Hughes

US Rig Count Up for Fourth Month in a Row - Baker Hughes

(Reuters) - US energy companies increased the number of operating rigs for oil and natural gas production last week. The number of rigs is growing for the fourth month in a row on the back of the rise in oil prices, which have been above $ 40 a barrel since mid-June.

The number of rigs jumped 10 to 320 in the week ending November 25, oilfield services company Baker Hughes said..

In November as a whole, the number of operating installations increased by 24.

The growth in the number of installations is observed at the end of the 10th week out of the last 11.

Also in the week to November 25, the number of US oil rigs jumped 10 to 241, the highest since May, while the number of gas rigs rose 1 to 77 according to Baker Hughes..

(Scott Disavino. Translated by Vladimir Sadykov. Editor Anna Kozlova)