Oil rigs come in at 756 vs 759 last week. Crude oil at $48.07 before the report.
The weekly Baker Hughes rig counts show:
- Total rig count 944 vs 943 last week
- Oil rig count 756 vs 759 last week
- Gas rig count 187 vs 183 last week
The price of crude was trading at $48.07 before the report. It is trading at $48.09 currently. That is down about -$1.00 or -2.04%.