US adds oil rigs for seventh week

US drillers this week added oil rigs for a seventh consecutive week, according to a closely followed report on Friday, even as analysts revise down rig count growth forecasts and energy firms become more cautious the longer crude holds below $50 a barrel.

Texas: adding rigs
Texas: adding rigs
Published 12 August 2016, 17:28Updated 25 October 2016, 15:12