Global oil rig count rises 61 in June, Baker Hughes shows

Global oil rig count rose 61 year-on-year to 1,822 in June, Baker Hughes data showed. The increase followed a monthly gain in rigs outside North America.

The monthly count from the oilfield services provider is a key indicator for its own revenue and for broader industry investment. Baker Hughes (BKR) reported an Alpha Score of 39 out of 100, labeled Mixed, reflecting the stock's current position in the energy sector. The Alpha Score of 39 indicates that the stock is trading in a mixed zone with no strong directional bias.

The June total of 1,822 rigs compares with 1,761 in the same month last year. The increase was driven by a monthly gain in rigs outside North America. Baker Hughes releases its rig count data weekly and monthly; the June figures continue a pattern of steady international activity.

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