The Baker Hughes rig count for the current week shows:
- Oil rigs: 506 vs 511
- Natural gas rigs:105 vs 106.
- Total rigs: 613 vs 619 last week
Crude oil is trading up $0.22 at $83.80.
For the trade week, price of crude oil is up $1.72 or 2.09%.
This article was written by Greg Michalowski at www.forexlive.com.
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