Baker Hughes oil rig count 784 versus 786 estimate

News

Total Rig counts down 5

Drillers have cut rig count for the 2nd week in a row.  The breakdown is showing:

  • Oil rigs, 784 versus 786 estimate. Last week rigs were at 788
  • Gas rigs, 172 versus 174 estimate. Last week gas rigs were at 174
  • Total rigs, 958 vs 958 estimate. Last week total rigs were at 963

The price of crude oil is currently trading at $60.47 up $.27 or 0.45%. The high reached $60.74 while the low extended to $59.93.

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