Baker Hughes oil rig count 496 versus 497 last week

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Weekly reviews rig count;

  • Oil rig count 496 versus 497
  • Gas 100 versus 99 last week
  • Total rigs 600 versus $600 last week

Crude oil is trading down $0.50 or -0.75% at $77.32

  • US drillers cut oil and gas rigs for third month in a row.
  • Drillers cut most oil and gas rigs in a month since August
  • Drillers cut oil rigs in May in first monthly cut since January
  • Drillers cut most oil rigs in a month since September

This article was written by Greg Michalowski at

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