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How Rig Counts Fared The Week U.S. Stock Markets Tumbled

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Baker Hughes Incorporated NYSE:BHI, United States Oil Fund ETF ETF:USO - How Rig Counts Fared The Week U.S. Stock Markets Tumbled

Every week for over 70 years, Baker Hughes Incorporated BHI 3.58% has been publishing rotary rig counts for the United States and Canada. In addition, the company has also rolled out a monthly international rig count -- for the last 40 years.

The oilfield services supplier assures the 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...


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