Oil rigs above estimate of 278.

The weekly Baker Hughes rig count data is out.

  • Oil rigs 287 vs. 275 last week. Higher than the estimate at 278
  • gas rigs 85 vs. 84 last week. The estimate was at 84
  • Total rigs 373 vs. 360 last week. Higher than the estimate at 363

Oil and gas rigs have risen now for the 8th consecutive week.

Oil rigs above estimate of 278.