U.S. rig count slips by 3 in latest Baker Hughes survey

  • The total count of active drilling rigs in the U.S. falls by 3 to 1,022, resuming a pattern of declines following last week's one-time surge of 19, Baker Hughes reports in its latest weekly survey.
  • The oil rig count gained 2 to 833 after jumping 15 last week but gas rigs fell 5 to 189.
  • WTI crude oil +0.9% to $64.14/bbl, little changed from before the rig data.
  • ETFs: USO, UNG, OIL, UGAZ, UWT, DGAZ, UCO, DWT, SCO, BNO, BOIL, DBO, DTO, USL, KOLD, UNL, OLO, SZO, OLEM, WTIU, OILK, OILX
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