Baker Hughes rig count dips in the current week (August 25th)

Oil rigs 759 vs 763 last week.

The Baker Hughes rig count for the week of August 25th showed a dip in rigs. The rig count has lost it's upward momentum over the last few months. The oil rigs have seen little gains and little losses over that time period.

In the current week:

• Oil rigs fell to 759 vs 763 last week
• Gas rigs fell to 180 vs 182 last week
• Total rigs fell to 940 vs 946 last week.