- The active U.S. rig count fell by another 48 units this week, the 11th consecutive week of declines but one of the smallest drops in the past two months, according to the latest survey from Baker Hughes (BHI).
- The U.S. oil-rig count fell by 37 to 1,019, while gas rigs were down 11 to 289 this week; however, the U.S. offshore rig count is at 54, up two rigs from last week and down three from this time last year.
- Compared with a year ago, this week’s total of 1,310 down is down 461 from 1,771.
- ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, XES, IEZ, UWTI, USL, OTC:DWTI, DNO, SZO, OLO, TWTI, OLEM