Does the current upsurge have anything to do with Trump Presidency?
The Baker Hughes 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 drilling, completing, producing and processing hydrocarbons.
|AREA||LAST COUNT||COUNT||CHANGE FROM PRIOR COUNT||DATE OF PRIOR COUNT||CHANGE FROM LAST YEAR||DATE OF LAST YEAR’S COUNT|