By Reuters Staff
2 Min Read
(Reuters) - U.S. energy firms added the most number of oil rigs in a week since January 2020 as higher oil prices in recent months have prompted drillers to return to the wellpad.
FILE PHOTO: A pulling rig is erected at an oil well in the middle of a cotton field to swab the well in Seminole, TX, U.S. September 19, 2019. Picture taken September 19, 2019. REUTERS/Adria Malcolm
The combined oil and gas rig count, an early indicator of future output, rose 13 to 430 in the week to April 1, its highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report on Thursday.