A record 1,432 rigs are seeking oil
Active drilling rigs in the US rose by one this week to 1,931, helped by a record 1,432 rigs seeking oil, Baker Hughes Inc. said.
The US oil and natural gas rotary rig count for the week ending Friday was unchanged at 1,864, which was down 121 from 1,985 the same week a year ago, Baker Hughes said in its weekly report.