The oil rig count did not rise for the first time in 9 weeks
(David McNew/Getty)
The US oil rig count did not rise for the first time in nine weeks this week, according to driller Baker Hughes.
Producers put 10 rigs back online last week, taking the total to 406, where it remained this week.
This week, the gas rig count fell by 2 to 81, dropping the total by the same number to 489.
Over the last few weeks, the tally rose as crude oil prices rallied out of a bear market. Also, the largest oilfield services companies signaled that they anticipated a turnaround in the oil market during the second half of the year.
After the release, West Texas Intermediate crude oil futures in New York were little changed, up 0.04% to $47.52 per barrel.
Earlier, prices fluctuated after reports that Yemen's Houthi forces reportedly fired missiles targeting Saudi Aramco, the state-run oil company. The company said all its operations were going as normal.
Here's the latest chart of the oil rig count:
(Andy Kiersz/Business Insider)
NOW WATCH: Here's why the Olympic diving pool turned green
More From Business Insider
