Total rig count at 934 for the week

  • Total rigs 934 vs 940 estimate and 942 last week
  • Oil rigs 764 vs 768 estimate and 770 last week
  • Gas rigs 169 vs 171 last week

The price of crude oil is up nearly $2.00 today on follow through buying on the back of the Saudi's saying they will do all they can to get the price back up (+3.80% gain on the day).