For the 1st time in months, oil rigs come back online

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-10-14 at 12:30:00 CST

To save money, energy companies idled hundreds of rigs over the summer. That has just begun to change as a few come back online. When rig counts plunge then start to recover, it has been a positive long-term sign for energy stocks, but not so much for oil prices.

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