US drilling continues slow increase
US drilling activity continued its slow increase, up by 4 rotary rigs to 1,886 working this week, compared with 1,557 in the comparable week a year ago, Baker Hughes Inc. reported.
American manufacturing, drilling and mining activity has improved in spots in the second quarter vs. the first three months of this year, but steel shipments have faltered due to lower demand, customer inventory reductions and weak pricing.