The U.S. rig count rises again.
The U.S. rig count rose by 10 last week.
The U.S rig count is up 14% over the last month with the largest gains in the Gulf Coast and Permian Basin regions.
The U.S. rig count rose 11% in October but was down 60% year-over-year.
U.S. energy firms this week added oil and natural gas rigs for a seventh week in a row for the first time since June 2018, and for a third consecutive month, even as oil majors cut spending due to the COVID-19 pandemic's impact on energy demand and prices.
The rig count slowly increased by nine new rigs this past week with increases in the Rockies and Permian Basin.