Rig count resumes decline, falling by 4 in Baker Hughes survey

Seeking Alpha

Published Oct 06, 2017 01:16PM ET

Rig count resumes decline, falling by 4 in Baker Hughes survey

  • The total U.S. rig count fell by 4 to 936 following last week's gain of 5, and have decreased in four of the past five weeks, according to the latest Baker Hughes survey.
  • The oil rig count fell by 2 to 748 and gas rigs also slipped by 2 to 187, with one rig classified as miscellaneous.
  • U.S. crude oil continues to hold a substantial loss, -2.9% at $49.28/bbl.
  • ETFs: USO, UNG, OIL, UGAZ, UWT, UCO, DGAZ, DWT, SCO, BNO, BOIL, DBO, GAZ, DTO, USL, KOLD, UNL, DNO, OLO, SZO, DCNG, OLEM, OILK, WTIU, OILX, WTID, USOI, GAZB
  • Now read: How Affected Is Norway By Oil Prices?

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