Total rig count 1016 versus 1026 last week
The Baker Hughes rig count is coming in lower for the 5th week in a row
- Oil rigs, 824 versus 830 estimate. That is also down from 833 last week
- Gas rigs, 192 versus 193 last week
- Total rigs, 1016 versus 1026 last week
The price of crude oil was trading at $58.47 right before the report. It is currently trading at $58.59.
