Rig Counts decline as oil retreats! – Inventory Marketplace Analysis, Choice Alternatives, Inventory Alternatives,Monetary Information,Choice Analysis

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Baker Hughes stories U.S. rig rely down 3 to 764 rigs

Baker Hughes (BKR) stories that the U.S. rig rely is down 3 from closing week to 764 with oil rigs down 7 to 598, gasoline rigs up 4 to 161 and miscellaneous rigs unchanged at 5.

U.S. Rig Depend is up 273 rigs from closing yr’s rely of 491 with oil rigs up 211, gasoline rigs up 58 and miscellaneous rigs up 4.

The U.S. Offshore Rig Depend is down 1 to 16, up 2 year-over-year.

The Canada Rig Depend is down 1 from closing week to 203, with oil rigs up 3 to 140, gasoline rigs down 4 to 63.

The Canada Rig Depend is up 47 rigs from closing yr’s rely of 156, with oil rigs up 45, gasoline rigs up 3 and miscellaneous rigs down 1.

Rig Counts Upward thrust to a 2-year prime

The Canada Rig Depend is up 28 rigs from closing yr’s rely of 126, with oil rigs up 22, gasoline rigs up 6.

The Baker Hughes rig counts are counts of the selection of drilling rigs actively exploring for or creating oil or herbal gasoline within the U.S., Canada and world markets.

The Corporate has issued the rig counts as a carrier to the petroleum business since 1944, when Hughes Device Corporate started weekly counts of the U.S. and Canadian drilling task. The per month world rig rely was once initiated in 1975.

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Rig Counts Upward thrust – See Stockwinners.com Marketplace Radar to learn extra

West Texas Intermediate (WTI) is up 72 cents to $89.24 in keeping with barrel (down from a prime of $123.70). Brent crude is up $0.90 to $95.04 in keeping with barre (down from a prime of $127.98). Gas closing traded at $2.869 in keeping with gallon (down from a prime of $4.31 in keeping with gallon).

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