Baker Hughes rig counts for the week of June 14
- Oil rigs 788 versus 785 estimate. Last week 789
- Gas rigs 181 versus 186 last week
- Total rigs 969 versus 975 last week
Crude oil was trading at $52.75 just prior to the report. The price is up a few cents after the report.
The oil rigs are at the lowest level since February 2018.