Describe the following two articles, explain how they are related and state how
ID: 1106927 • Letter: D
Question
Describe the following two articles, explain how they are related and state how YOU feel the articles are relevant to students studying finance.
Your submission should be a minimum of 500 words, clearly written, with sources cited including dates, page numbers or URLs, with spelling and grammar checked before posting. The first sentence of the submission should contain the titles of the articles, the page number or URL, and the date the article appeared in The Wall Street Journal. Students should use their own words and should not just "copy and paste" responses from Internet sources or the newspaper.
THE WALL STREET JOURNAL OIL MARKETS U.S. Oil-Rig Count Rises by Nine in Latest Week Oil rig count, which serves as proxy for sector activity, is up to 738 in latest Bakker Hughes report gs conacted by Apache Corp onfor crude oll in weat Teas in 2013 The rumber of nigs driling for ol in te US 9se n wPHOTO TERRY By Aisha Al-Mustim Nov. 10, 2017 131 p.m.ET The number of rigs drilling for oil in the US rose by nine this week to 738, Baker Hughes, a GE company, reported. The UUS, oil rig count is typically viewed as a proxy for activity in the sector. After peaking at 1,609 in October 2014, low oil prices put downward pressure on production and the rig count fell sharply. The oil rig count has generally been rising over the past year The nation's gas rig count remained unchanged at 169 in the past week, according to oil- field services company Baker Hughes CHARTING CHANGE The US.offshore-rig count is unchanged from last week at 18, which is three less than a year carlier. Oil prices were less than 1% lower at $56.83 a barrel in afternoon trading Friday. Write to Aisha Al-Muslim at AishaAl-Muslim@wsj.com Cancel PrintExplanation / Answer
Two articles published in" The Wall Street Journal " were US oil rig count rises by nine in latest week and another article says that US oil rig count rises while gas rigs falls down.Rigs are used for drilling well for extraction of oil or gas.Both the articles published in journal are related to each other as rig count is used for exploration and development of oil and gas wells both.
If the rigs count was increased that means there will be faster development of wells for oil extraction and will lead to increase in production of oil as well and as per the another article , the oil rig count rises and the gas count falls down that means if the production of oil rigs is increasing than the gas production might fall as the rigs count was increasing and was used in development of oil than gas.So there is an inverse relation between them.
Both these articles are relevant for the students studying finance because both the articles relects the us economy as both oil and gas is the economic indicator of country's wealth and the rise or fall in the prices might affect the financial market.
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