Baker Hughes US oil rig count -2

09/12/2022 | 18:02 GMT

Natural gas rigs also -2

Oil rigs 625 vs 627 prior
Gas rigs 153 vs 155 prior

A lot of oil company budgets have gone out in the past two weeks with $80 budgets but that's suddenly looking unwise. Crude is down nearly 15% from the Dec 1 high.

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