According to Baker Hughes, U.S. oil rig counts declined to an 11 year low level as of the week ending Jun 12^th. Jun 12^th week ending oil rig counts declined 3.4% from the previous week while finishing 74.7% lower on a YOY basis and 77.6% 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 12 weeks on a percentage basis, however. Jun 12^th Oil Rig Counts Declined to an 11 Year Low Level Jun 12^th Oil Rig Counts Declined 3.4% Week-Over-Week, Finishing 74.7% Lower YOY The Jun 12^th Percentage Decline in Oil Rig Counts was the Smallest in 12 Weeks