Baker Hughes reports U.S. rig count down 5 to 258 rigs
Baker Hughes (BKR) reports that the U.S. rig count is down 5 rigs from last week to 258 with oil rigs down 4 to 181, gas rigs down 1 to 75, and miscellaneous rigs unchanged at 2.
The U.S. Rig Count is down 700 rigs from last year’s count of 958, with oil rigs down 603, gas rigs down 97, and miscellaneous rigs unchanged at 2.
The U.S. Offshore Rig Count is unchanged at 12 and down 14 year-over-year.
The Canada Rig Count is up 8 rigs from last week to 26, with oil rigs unchanged at 6 and gas rigs up 8 to 20.
The Canada Rig Count is down 91 rigs from last year’s count of 117, with oil rigs down 79 and gas rigs down 12.
WTI crude is up $1.06 to $40.67 per barrel. Brent is up 99 cents to $43.34 per barrel.
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