Baker Hughes reports that the U.S. rig count is down 8 from last week to 687 with oil rigs down 4 to 552, gas rigs down 5 to 130 and miscellaneous rigs up 1 to 5. The U.S. Rig Count is down 53 rigs from last year’s count of 740 with oil rigs down 32, gas rigs down 24 and miscellaneous up 3. The U.S. Offshore Rig Count is unchanged at 20, up 4 year-over-year. The Canada Rig Count is up 23 from last week to 159, with oil rigs up 18 to 103, gas rigs up 5 to 56. The Canada Rig Count is up 3 rigs from last year’s count of 156 with oil rigs down 1, gas rigs up 4.