Weekly oil and gas drilling data from Baker Hughes

  • Prior oil rigs were 316
  • Natural gas rigs -5 to 82
  • Prior gas rigs were 87

That's the biggest jump in awhile after oil rigs hit the lowest since Oct 2009 last week. It's only the second time this year the rig count has risen.

The rig count chart before today's data.

Oil is a tad lower after the data hit. Sometimes the market is slow in the reaction to this data.