Oil & Gas - Energy - Commodities - Resources (OILBRENT)

[Timothy Smith]

$BHI $UWTI - The U.S. oil rig count fell for the eighth consecutive week, shedding 28 to 439, according to the latest Baker Hughes survey.

The total U.S. rig count, which includes two fewer natural gas rigs to 102, fell by 30 to 541 following last week's decline of 48.

Compared to last year, the total U.S. rig count has fallen by 62%, with oil rigs down by 60%.