Baker Hughes rig count for Feb 15

The weekly Baker Hughes rig count is showing:

  • Total rig 1051 vs 1049 last week (1044 est)
  • Oil rig 857 vs 854 last week
  • Gas 194 vs 195 last week

Oil rigs are up for the 2nd week in a row:

Baker Hughes oil rig count for the current week increases by 4 to 857

Crude oil is currently trading at $55.42 that is up $1 or 1.8%