Baker Hughes reports U.S. rig count down 2 to 310 rigs, breaking the nine-week string of gains
Baker Hughes reports that the U.S. rig count is down 2 from last week to 310 with oil rigs down 5 to 231, gas rigs up 3 to 76, and miscellaneous rigs unchanged at 3.
The U.S. Rig Count is down 493 rigs from last year’s count of 803, with oil rigs down 440, gas rigs down 53 and miscellaneous rigs unchanged at 3.
The U.S. Offshore Rig Count is down 1 to 12, down 10 year-over-year. The Canada Rig Count is up 12 from last week to 101, with oil rigs up 3 to 42, gas rigs up 9 to 59.
The Canada Rig Count is down 36 rigs from last year’s count of 137, with oil rigs down 44, gas rigs up 8.
Brent crude is up $0.50 to $44.70 per barrel. West Texas Intermediate (WTI) crude is up $0.29 to $42.18 per barrel.
Gasoline last traded at $1.17 per gallon, up one cent.
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