US rig count up for third straight week

US drillers this week added oil rigs for a third week in a row for the first time since August, according to a closely followed report on Friday, as producers seek more drilling permits after crude prices hit an 11-month high over $51 a barrel last week.

Texas: On the upswing
Texas: On the upswing
Published 17 June 2016, 19:08Updated 25 October 2016, 15:26