Baker Hughes oil rig count 496 versus 497 last week

Weekly reviews rig count;

• Oil rig count 496 versus 497
• Gas 100 versus 99 last week
• Total rigs 600 versus $600 last week

Crude oil is trading down $0.50 or -0.75% at $77.32

• US drillers cut oil and gas rigs for third month in a row.
• Drillers cut most oil and gas rigs in a month since August
• Drillers cut oil rigs in May in first monthly cut since January
• Drillers cut most oil rigs in a month since September