Total rig count 1083 vs 1083 last week
The latest Baker Hughes rig count for the current week is showing:
- Oil rigs 877 vs 885 last week
- Gas rigs 198 vs 198 last week
- Total rigs 1075 vs 1083 last week
The price of crude was trading at $47.94 prior to the release. It is trading little changed after the report.
US oil drillers cut rigs for the 1st time in 3 weeks
