Rig Counts Rise!

Baker Hughes reports U.S. rig count up 9 from last week to 296

Baker Hughes (BKR) reports the U.S. rig count is up nine from last week to 296 with oil rigs up 10 to 221, gas rigs down one to 72, and miscellaneous rigs unchanged at three.

Baker Hughes has been reporting weekly rig counts for more than 50 years

U.S. Rig Count is down 526 rigs from last year’s count of 822, with oil rigs down 470, gas rigs down 58 and miscellaneous rigs up two.

The U.S. offshore rig count is unchanged at 13, down nine year-over-year.

Oil Rigs, See Stockwinners.com Market Radar to read the latest on oil and rig count

The Canada rig count is up three from last week to 86, with oil rigs down two to 40, gas rigs up five to 46.

Canada rig count is down 56 rigs from last year’s count of 142, with oil rigs down 53, gas rigs down three.

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Rig Counts Rise – See Stockwinners.com Market Radar to read more

Brent crude is down $0.37 to $37.89 per barrel. West Texas Intermediate (WTI) crude is down $0.40 to $35.77 per barrel.

Gasoline last traded at $1.03 per gallon.

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This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.

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