U.S. oil and gas rig count hits record low again
Topics: U.S. OIL
The U.S. oil and gas rig count, an early indicator of future output, fell by five to an all-time low of 279 in the week to June 12, according to Baker Hughes.
That was 690 rigs, or 71%, below this time last year.
U.S. oil rigs fell seven to 199 this week, their lowest since June 2009, while gas rigs rose two to 78. ■