Energy
Rig Count Growth Mostly Positive (BHI, OIH, DIG, USO, OIL)
Published:
Last Updated:
Baker Hughes, Inc. (NYSE: BHI) has released its data on the weekly rig counts and most are up. We are watching the key ETF products react via the Oil Services HOLDRs (NYSE: OIH), the Ultra Oil & Gas ProShares (NYSE: DIG), 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. It will be interesting to see if this continues after the recent pause in oil.
- U.S. Rig Count is up 12 from last week at 1113; down 828 year over year.
- Canadian Rig Count is up 30 from last week at 293; down 107 year over year.
- The US Offshore rig count is 36, down 1 from last week; down 26 year over year.
At 1:07 PM EST NYMEX WTI Crude is trading down $0.62 at $76.84 per barrel. The Oil Services HOLDRs (NYSE: OIH) is down 2.6% at $116.65, the Ultra Oil & Gas ProShares (NYSE: DIG) is off by 3% at $33.90, the United States Oil (NYSE: USO) ETF is down only 1% at $39.23 and the iPath S&P GSCI Crude Oil Total Return Index ETN (NYSE: OIL) is down 1.1% at $25.94.
JON C. OGG
NOVEMBER 20, 2009
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
