U.S. total rig count down by 1; oil rig count drops by 10

|By:, SA News Editor

The total count of drilling rigs currently active in the U.S. edges lower by 1 to 1,075, according to the latest weekly survey from Baker Hughes.

U.S. oil rigs tumbled by 10 to 877, the biggest weekly decline since May 2016, but gas rigs jumped by 9 to 198.

U.S. crude oil maintains strong gains, currently +4.5% to $53.84/bbl.

ETFs: USO, UNG, OIL, UGAZ, UWT, DGAZ, UCO, DWT, SCO, BNO, BOIL, DBO, DTO, USL, KOLD, UNL, DNO, OLO, SZO, DCNG, OLEM, WTIU, OILK, OILX, WTID, USOI, USOU, GAZB, USOD, OILD, OILU, USAI

Subscribe for full text news in your inbox