Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[Rock_nj]

Baker Hughes Rig Count Week ending 3 June 2016

US Oil rigs had biggest jump fr a long time to 325 from 316. Natural gas rigs fell 5 to 82. The overall North American Baker Hughes total rig count for current week up 2 to 449.

Oil Rigs 325 +9 from 316 On Year -317 from 642
Gas rigs 82 -5 from 87 On Year -140 from 222

Total rigs North America 449 +2 from 447

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Not great that nat gas lost 5 rigs, but with the # of oil rigs on the increase, there is going to be nat gas as an off-shoot.