- The number of active U.S. oil drilling rigs fell by 8, the third straight decline after six consecutive weekly increases, according to the latest survey from Baker Hughes.
- Oil directed rigs now total 644, down 957 Y/Y and lower by 31 during the past three weeks.
- The total active U.S. rig count, which includes natural gas rigs, fell by 6 to 842, the lowest total since January 2003; compared to last year, the total rig count has fallen by 1,089.
- ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, OLEM