U.S. drilling rig count drops for second straight week, Baker Hughes reports

What: The U.S. drilling rig count has dropped for the second straight week, according to Baker Hughes.
Why: The decline is attributed to a decrease in oil prices and reduced demand.
Signal: A total of **5** rigs were removed from operation in the latest week.
Target: The current rig count stands at **1,055**, down **10%** from the same period last year.
Risk: The decline in drilling activity may impact future oil production and prices.