Baker Hughes US oil rig count 406 vs 406 prior

Weekly US energy drilling data from Baker Hughes
– Prior was 406, rising from 396 and 381 in the prior rigs
– Natural gas rigs 81 vs 83 prior
– Total rigs 489 vs 491 prior
It’s the first flat reading or decline in oil drilling rigs since the week of June 10 but given that rigs have risen by 32 in the past month and 90 since the May 27 low, it’s probably to be expected.