Baker Hughes rig count total 624 vs 597 in the current week

Oil rigs up to 498 (+21). Gas rigs up to 125 (+6).

This is the 6th consecutive up week for rigs.

That is a pretty good week on week gain for the rigs.

Crude oil is trading at $51.43 after the report. It was trading at $51.48 before the report. So not a huge change on the continued rise in rigs. The total rig count has not been this high since January 29, 2016.