Oil and gas rig data from Baker Hughes
- Oil rigs 766 vs 764 last week
- Gas rigs 192 versus 186 last week
- Total rig count 958 versus 950 last week
Last week, there was a small decline in oil rigs. This week there is a small increase. Gas rigs did better at +6 for the week.
Crude oil is trading at $49.66, not much different than the pre-data price level. For the day, the high reached $49.81. The low today reached $48.86.
