Baker Hughes rig count for the week of July 3
- oil rigs down to 185 from 188 last week
- gas rigs 76 vs. 75 last week
- total rigs to 63 vs. 265 last week
WTI crude oil futures are trading at $40.16 up $0.34 or 0.85%. The high price for the day reached $40.63. The low price extended to $39.46.
Oil rigs are down near the 2009 low of 180.