According to Baker Hughes, U.S. oil rig counts declined to a 38 month low level as of the week ending Apr 3^rd. Apr 3^rd oil rig counts declined 6.0% from the previous week while finishing 23.5% lower on a YOY basis and 29.7% below the three and a half year high levels experienced during November of 2018. Apr 3^rd Oil Rig Counts Declined to a 38 Month Low Level Apr 3^rd Oil Rig Counts Declined 9.9% Week-Over-Week, Finishing 32.4% Lower YOY The Decline in Oil Rig Counts was the Largest Experienced Throughout the Past Five Years