Oil rigs 444. Gas rigs 108
The latest Baker Hughes rig count shows that total rigs increased to 553 phone 539
- Total 553 vs 539, +14
- Oil rigs 443 vs 432 last week, + 11
- Gas rigs 108 vs 015, +3
The gains are pretty good and the modest trend higher continues, but the impact on the oil price has been minimal (the price moved to $50.59 from $50.71. It is currently trading at $50.72).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.