U.S. Oil Rig Count Falls For Second Straight Week -- Market Talk

Dow Jones05-04

1347 ET - The number of rigs drilling for oil in the U.S. fell by 7 this week to 499 and is down by 89 from a year ago, oil services company Baker Hughes reports. It was a second consecutive weekly decline in oil rigs, while rigs directed at natural gas fell for a fifth straight week and were down by 3 at 102. Several major natural gas producers have curtailed production and drilling plans as they wait for demand to pick up. Oil futures are lower today, with WTI on track for a more than $5 weekly loss. Natural gas futures are higher and set to snap a 3-week losing streak. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

May 03, 2024 13:47 ET (17:47 GMT)

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It was a second consecutive weekly ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0742534661.SGD","symbol_name":"Fidelity America A-SGD (hedged)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2432369184","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432369184","pubTimestamp":1714758420,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1347 ET - The number of rigs drilling for oil in the U.S. fell by 7 this week to 499 and is down by 89 from a year ago, oil services company Baker Hughes reports. 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