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Baker Hughes oil rigs for the current week 788 vs 785 estimate

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.

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