Posts Tagged
U.S. drillers
Bloomberg Business: Oil Extends Advance as U.S. Drillers Cut Rigs Amid Global Glut
Copyright 2015 Bloomberg. Ben Sharples (Bloomberg) — Oil extended gains after capping the biggest weekly advance in almost four years amid signs drilling is slowing in the U.S., the world’s biggest consumer. Futures climbed as much as 3.3 percent in New York after a second weekly increase through Feb. 6.