Energy
Higher Oil Brings Mixed Data on Rig Counts (BHI, OIH, USO, OIL)
Published:
Last Updated:
Baker Hughes Incorporated (NYSE:BHI) has released its weekly data on rig counts, and it seems that the suddenly higher oil prices are reversing some declines. There has still been no set direction between gains and losses, but these counts are at least no longer in free-fall. We are also watching the Oil Services HOLDRs (NYSE: OIH), the United States Oil (NYSE: USO) ETF and the iPath S&P GSCI Crude Oil Total Return Index ETN (NYSE: OIL) react to this news.
The U.S. Rig Count is up 17 from last week at 985; down 1,013 year-over- year.
The Canadian Rig Count is down 6 from last week at 164; down 293 year-over- year.
The US Offshore rig count is 31, unchanged from last week; down 34 year over year.
The Oil Services HOLDRs (NYSE: OIH) is up 3.3% at $108.43, the United States Oil (NYSE: USO) ETF is up 2% at $38.42 and the iPath S&P GSCI Crude Oil Total Return Index ETN (NYSE: OIL) is up 2% at $25.39 after the rig count news.
JON C. OGG
AUGUST 21, 2009
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
