The rig counts are not higher this week despite $80+ oil remaining. Baker Hughes Inc. (NYSE: BHI) has issued its weekly rig counting data, and we are watching the Oil Services HOLDRs (NYSE: OIH) and the United States Oil (NYSE: USO) as the two key ETFs on the news. Rig counts below….
- U.S. Rig Count is down 9 from last week at 1482; up 527 year over year.
- Canadian Rig Count is down 12 from last week at 110; up 45 year over year.
- The US Offshore rig count is 53, down 3 from last week; up 2 year over year.
We know this will be one less than whatever the real number is next week due to Transocean Ltd. (NYSE: RIG), and its shares are down 1.1% at $89.29 today.
Oil Services HOLDRs (NYSE: OIH) is up 2.5% at $134.47 and the United States Oil (NYSE: USO) is up 0.9% at $40.69.
Banker Hughes shares are up 3.6% at $53.67.
JON C. OGG
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
