Baker Hughes rig count for the week of March 6, 2020
- oil rigs 682 versus 678 last week. Estimate 677
- gas rigs 109 versus 110 last week. Estimate 108
- total rigs 793 versus 790 last week. Estimate 787
The price of crude oil futures are trading at $42.36 ahead of the report.
The focus today is on the failed OPEC+ meeting. That, and the weak stocks and tumbling yields (on global growth concerns) are driving the price of oil.
