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US Crude Oil Rigs Are Steady near March 2015 Highs

Gordon Kristopher
US Crude Oil Rigs Are Steady near March 2015 Highs

Baker Hughes, a GE Company (BHGE), released its US crude oil and natural gas rig count report on May 18. Baker Hughes reported that US crude oil rigs were flat at 844 on May 11–18—the highest level since March 13, 2015. The rigs have also risen by 132 or ~18.5% from a year ago.