Baker Hughes weekly rig counts for the week of July 31, 2020
- oil rig count 180 vs. 181 last week
- gas rig count 69 vs. 68 last week
- total rig count 251 vs. 251 last week
the numbers came in little changed from last week. Last week the oil rigs rose 1 but it was the 1st increase March 13 week when the oil rigs are at 683. The move to 180 this week equals the low reached on the July 17 week but the levels have been either 180 or 181 over the last 4 weeks.
Crude oil futures were trading down $0.05 or -0.13% at $39.87 just before the report
