Weekly Baker Hughes rig count

The weekly Baker Hughes rig count is out:

  • Oil rigs 359 versus 359 last week
  • Gas rigs 97 versus 98 last week
  • Total rigs 456 versus 457 last week
  • The cut in total rigs is the first decline in six weeks

The current price of crude oil is trading at $69.46. That's up $0.64 or 0.93%.