The United States Securities and Exchange Commission (SEC) has asked Elon Musk to provide more information about a tweet published by the billionaire on May 17th in relation to his $44 billion commitment to acquire Twitter, which he has since attempted to cancel.
The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.