Oil rigs down to 796 vs 800 last week
- Oil rigs fell 4 in the current week. That is the first decline after 6 straight increases.
- Oil rigs 796 vs 800 last week
- Gas rigs 188 vs 181 last week
- Total rigs 984 vs 981 last week
Good and bad from the report this week.
The bad. The string of oil rigs fell by 4 in the current week after 6 straight up weeks.The good. Gas rigs increased by 7 in the current week and that lifted total rigs for the week as well.
Crude oil is trading at $61.74 up $1.64 on the day. That is little changed from the pre-data value of $61.77.