Asset

Baker Hughes US Oil Rig Count

economic
stockPerformance
Updated: 2 Dec, 6:00 pm UTC
Deviation
-
Consensus
-
Previous
627%
Actual
627%
03 Dec04 Feb01 Apr03 June05 Aug30 Sept02 Dec460480500520540560580600620640
Description
Source: United States
The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons. This particular case represents the number of rigs drilling exclusively for oil.