Baker Hughes oil rigs 684 versus 688 estimate

Author: Greg Michalowski | Category: News

3rd week in a row that oil drillers have cut rigs

Baker Hughes weekly rig count totals have been released. They show:
  • Total rigs, 817 versus 818 estimate. Last week was at 822
  • Oil rigs, 684 versus 688 estimate. Last week was at 691
  • Gas rigs, 130 versus 130 estimate. Last week was at 130
the price of crude oil is currently trading at $57.14 down $0.01 on the day
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