Baker Hughes oil rig count 784 versus 786 estimate


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.


Products You May Like

Articles You May Like

Euro’s sovereign debt levels to support Eurozone
Why everybody is concerned about corporate-bond liquidity
UK Jobs Data Fails to Cheer Up GBP Pairs, Focus on Carney Speech
Risk Factors Feeding Hedge Fund Performance
A new study tracks the surge in Chinese loans to poor countries

Leave a Reply

Your email address will not be published. Required fields are marked *