Rigs have been on a upward run

The biggest weekly rig count will be released at the top of the hour.

Last week the oil rig count was up for the 5th straight week.

  • Oil rigs 799 vs 798 in the previous week
  • Gas rigs 179 vs 177 in the previous week
  • Total rigs 978 vs 975 in the previous week

Crude oil is currently trading at $61.31 up $.32 on the day or 0.50%.