Weekly reviews rig count;
- Oil rig count 496 versus 497
- Gas 100 versus 99 last week
- Total rigs 600 versus $600 last week
Crude oil is trading down $0.50 or -0.75% at $77.32
- US drillers cut oil and gas rigs for third month in a row.
- Drillers cut most oil and gas rigs in a month since August
- Drillers cut oil rigs in May in first monthly cut since January
- Drillers cut most oil rigs in a month since September
This article was written by Greg Michalowski at www.forexlive.com.
