Bakers Hughes total rig count 758 in the current week, Up 5 for the week
Baker Hughes rig count
- Oil rig count =10 to 425
- Natural Gas Rig cound -3 to 125
- Total rig count for the week +7 to 558
The price of crude oil is trading at $96.35 which is near unchanged on the day. The price remains below the 100 and 200 hour MA which is more bearish. Those MA come in near $100.74. The price before the February 28 start of the Iran War was near the low $60.
This article was written by Greg Michalowski at investinglive.com.