Estimate is for little change
The Baker Hughes weekly rig count the week of Sept 28th are due at the top of the hour.
Last week saw:
- Total rigs at 1053
- Oil rigs at 866
- Gas rigs at 186.
The estimate for oil rigs is 865 this week.
Crude oil is trading up $136 or 1.87% on the day at $73.48. That takes the price to a new month high and to the highest level since July 11th.