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    market news

    Number of Oil and Natural Gas Rigs Drops by 18

    Investing News Network
    Jul. 20, 2012 05:58PM PST
    Oil and Gas Investing

    Business Week reported that the number of oil and natural gas rigs in the U.S. dropped by 18.

    Business Week reported that the number of oil and natural gas rigs in the U.S. dropped by 18.

    As quoted in the market news:

    Houston-based oilfield services company Baker Hughes Inc. reported Friday that 1,414 rigs were exploring for oil and 518 were searching for gas.

    Click here to read the full Business Week report.

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