Oil rigs above estimate of 278.
The weekly Baker Hughes rig count data is out.
- Oil rigs 287 vs. 275 last week. Higher than the estimate at 278
- gas rigs 85 vs. 84 last week. The estimate was at 84
- Total rigs 373 vs. 360 last week. Higher than the estimate at 363
Oil and gas rigs have risen now for the 8th consecutive week.