According to Baker Hughes, U.S. oil rig counts declined to a three and a half year low level as of the week ending Apr 17^th. Apr 17^th oil rig counts declined 13.1% from the previous week while finishing 46.9% lower on a YOY basis and 50.7% below the three and a half year high levels experienced during November of 2018. The decline in oil rig counts was the largest experienced throughout the past 14 years on a percentage basis. Apr 17^th Oil Rig Counts Declined to a Three and a Half Year Low Level Apr 17^th Oil Rig Counts Declined 13.1% Week-Over-Week, Finishing 46.9% Lower YOY The Weekly Percentage Decline in Oil Rig Counts was the Largest in the Past 14 Years