US rig count - 1006

The weekly Baker Hughes rig count 

• Total rig count 1006 vs 1016 last week
• Oil rig count 816 vs 824 last week
• Gas rig count 190 vs 192 last week.

The price of crude is trading at $60.10 up $0.79 or 1.32%. The high reached $60.73. The low extended to $59.41

It is the 4th down week in a row for oil rigs.  The high water mark for oil rigs reached 888 in November 2018. Today's number is the lowest since April 2018.

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Related stocks: Keppel Corp, Sembcorp Marine & Cosco