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Baker Hughes reports U.S. rig count down 7 to 1,854

Baker Hughes reported U.S. rig count is down 7 rigs from last week to 1,854, with oil rigs down 7 to 1,527, gas rigs unchanged at 323, and miscellaneous rigs unchanged at 4. U.S. rig count is up 90 rigs from last year at 1,764, with oil rigs up 124, gas rigs down 31, and miscellaneous rigs down 3. The U.S. offshore rig count is 54, unchanged from last week, and up 3 rigs year over year.