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Birthday : 02/16/1936
Place of birth : New York (New York) - USA
Biography : Mr. Carl C. Icahn is Chairman at CVR Refining GP LLC, CVR Refining LP, CVR Energy, Inc., Tropicana E
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Baker Hughes Incorporated : U.S. Oil-Rig Count Rises by 21 to 498, Baker Hughes Says

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12/09/2016 | 08:14pm CET
By Ezequiel Minaya 

The number of oil rigs in the U.S. jumped by 21 in the past week to a total of 498, according to oil-field services company Baker Hughes Inc.

The increase ranks among the largest of the year as oil prices surged above $50 a barrel after the Organization of the Petroleum Exporting Countries committed to a 1.2-million-barrel-a-day cut, equivalent to around 1% of global output.

OPEC is hoping to get big producers outside the cartel to cut a further 600,000 barrels a day. Russia has indicated it will take on half that burden.

The U.S. oil-rig count is typically viewed as a proxy for activity in the oil sector.

After peaking at 1,609 in October 2014, low oil prices put downward pressure on production and the rig count receded. The count has trended upward since the summer, however.

The nation's gas-rig count rose by six to 125 in the past week, according to Baker Hughes. And the U.S. offshore-rig count was unchanged at 22, which is one fewer than a year ago.

On Friday, oil prices firmed ahead of a weekend meeting of major oil-producing countries, rising 1.12% to $51.41 a barrel in recent trading on Friday.

Write to Ezequiel Minaya at ezequiel.minaya@wsj.com

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Latest news about Carl Icahn 
11/16 CARL ICAHN : Icahn says Herbalife is undervalued, business can create jobs
11/09 CARL ICAHN : Icahn says he bought shares as they slid overnight - CNBC
11/08DJCARL ICAHN : Icahn Snaps Up Falling Hertz Shares
11/03 CARL ICAHN : Icahn raises stake in Herbalife
10/27 CARL ICAHN : Court clears Icahn's CVR to sue Wachtell law firm for malpractice
10/17 CARL ICAHN : Carl Icahn on CNBC says a lot of companies are 'way overvalued'
09/29 CARL ICAHN : Icahn slashes stake in Transocean by more than two thirds
09/28DJCARL ICAHN : Carl Icahn Cuts Stake in Transocean
09/28DJCARL ICAHN : Carl Icahn Cuts Stake in Transocean
09/27 CARL ICAHN : Icahn nominee resigns from Chesapeake board; shares tumble
09/21DJCARL ICAHN : Top Energy Stories Of The Day
09/20DJCARL ICAHN : Top Equities Stories of the Day
09/19DJCARL ICAHN : Carl Icahn Sells More Than Half of Chesapeake Stake
08/26 CARL ICAHN : Icahn denies attempt to sell Herbalife stock, buys more shares
08/16 CARL ICAHN : Billionaire investors turn bearish as U.S. stocks hit record highs
1  2  3  4  5  6  7  8  9  10Next

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