Total rigs 1038 vs 1044 est. Crude oil $55.82
Baker Hughes rig count shows a lower amount of rigs in the current week. Oil rigs cut for the 2nd week in a row:
- Total rigs 1038 vs 1044 est and 1047 last week
- Oil rigs 843 vs 853 last week
- Gas rigs 195 vs 194 last week.
The price of crude was at $55.82 before the release. It is trading at the same level currently. The oil rig count is the lowest since May 2018.
