Baker Hughes rig count for the current week

  • Oil rig count, 831 vs 811 est. Last week 816
  • Gas rig count, 194 vs 190 last week
  • Total rig count 1025 vs 1006 last week.

The price of crude oil was trading at $62.65 at the top of the hour.

That is the largest gain since May 2018.

Baker Hughes total rig count

The price of WTI crude oil is not all that impressed although it is lower by about $.07 at $62.58