The weekly rig count
The Baker Hughes rig count for the current week shows:
- Oil rigs 299 vs. 295 last week and 298 estimate
- Gas rigs 92 vs. 88 last week and 88 estimate
- Total rigs 392 vs. 384 last week and estimate of 386
The WTI crude oil is trading up $0.54 or 0.96% $56.77. It is trading close to the lows for the day at $56.43 although still higher on the day. The high price reached $57.29
