U.S. Oil and Natural Gas Rigs Fell by 20

The Associated Press reported that the number of U.S. oil and natural gas rigs fell by 20 this week to 1,987.

As quoted in the market news:

The Houston oilfield services company Baker Hughes Inc. reported Friday that 1,191 rigs were exploring for oil and 791 for natural gas. Five were listed as miscellaneous. A year ago this week Baker Hughes reported 1,700 active rigs, 187 fewer than this year.

Click here to read the full The Associated Press report.