Baker Hughes Crude Oil Rig Count
Latest Baker Hughes Report

The Baker Hughes rig count report shows U.S. oil rig count decreased by 2 rigs to 859. The rig count remains stalled.

Since the end of May the rig count has been close to 860. Crude prices are currently range bound between $67 and $70. So it appears that the producers are still waiting for a confirmed direction of prices before adding or reducing active rigs.

For further information contact joel.fingerman@fundamentalanalytics.com

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