According to Baker Hughes, U.S. oil rig counts declined to an 11 year low level as of the week ending Jun 26^th. Jun 26^th week ending oil rig counts declined 0.5% from the previous week while finishing 76.3% lower on a YOY basis and 78.8% below the three and a half year high levels experienced during November of 2018. The percentage decline in oil rig counts was the smallest experienced throughout the past 15 weeks on a percentage basis, however. Jun 26^th Oil Rig Counts Declined to an 11 Year Low Level Jun 26^th Oil Rig Counts Declined 0.5% Week-Over-Week, Finishing 76.3% Lower YOY The Jun 26^th Percentage Decline in Oil Rig Counts was the Smallest in 15 Weeks