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U.S. drilling rigs resume downturn in latest Baker Hughes data (NYSEARCA:USO)

April 26, 2024
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U.S. drilling rigs resume downturn in latest Baker Hughes data (NYSEARCA:USO)

imaginima/E+ through Getty Photos

Complete lively rigs drilling for oil and gasoline within the U.S. fell by 6 to 613, the rely’s fifth decline previously six weeks, Baker Hughes reported Friday.

Drilling rigs focusing on crude oil within the U.S. fell by 5 this week to 506, whereas gasoline rigs dropped by 1 to 105 and a couple of rigs have been labeled as miscellaneous.

Rigs focusing on oil within the Permian Basin declined by 1 to 313, whereas the Eagle Ford remained flat at 50.

ETFs: (NYSEARCA:USO), (UCO), (SCO), (USL), (DBO), (DRIP), (GUSH), (NRGU), (USOI), (UNG), (BOIL), (KOLD), (UNL), (FCG)

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