Baker Crude Oil Rig Count November 21, 2018

Crude Oil Rig Count
Latest Baker Hughes Report
The Baker Hughes rig count report shows U.S. oil rig count decreased by 3 to 885.
The rig count data range bound between 850 and 900 rigs.  The major fall in prices since October have not influenced the rig count.  US crude oil production remains at record 11.7 million barrels per day with no real change in rig count.  We still need to observe if crude oil price or production affects rig count.
We would be happy to discuss this commentary with you and provide additional market insights.
Feel free to call us at 312-348-7518 or email us  at
For further information contact