Baker Hughes US weekly oil rig count 237 vs 244 prior

Baker Hughes weekly rig count

  • Prior was 244
  • Natural gas rigs 79 vs 79 prior
Drilling rigs continue to fall. WTI is down 98-cents to $32.94 today but prices are still up dramatically in a month. The speed with which supply has matched the drop in demand is unbelievable to me.
Baker Hughes