Baker Hughes oil rigs fall to 305 from 306 last week

Weekly Baker Hughes rig count

  • Oil rigs 305 verse 306 last week.  Estimate 309
  • Gas 91 vs. 90 last week. Est 90
  • Total rigs unchanged at 397.  

The oil rig is the 1st since November 20. Weather could have been an influence. That may extend next week as well.  

Weekly Baker Hughes rig count

The price of crude oil for April delivery is trading down $-1.30 or -2.15% at $59.20

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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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