Oil prices moved up modestly Wednesday after Baker Hughes reported a big weekly drop in the number of active U.S. oil rigs.

The total number of active drilling rigs for oil and gas in the United States fell sharply this week, according to new data ...

The number of oil and gas drilling rigs in the U.S. fell by 10 to 544, after rising for five out of the previous six weeks, Baker Hughes said Friday in its latest weekly report. In the shortened week ...

Baker Hughes’ November 14 rig count showed that North America dropped two rigs week on week, its November 7 rig count ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Baker Hughes (BKR) reports that the U.S. rig count is down 10 from last week to 544 with oil rigs down 12 to 407, gas rigs up 3 to 130 ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

America’s oil patch is slowing again, Reuters reports.  Baker Hughes reported the first weekly drop in U.S. oil and gas rigs in a month, with the oil rig count falling to its lowest level in four ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks, with oil ...

The number of oil and gas drilling rigs in the US jumped by 5 to 554, the fifth gain in six weeks but still down 29 rigs from ...

Oil drove the gain in Canada, with 128 rigs drilling for oil this week. In the US, gas-directed rigs increased by 2 to 127, ...