The Baker Hughes rig count for the current week is showing:
- Oil rigs down -3 to 496
- Gas rigs up 1 to 103
- Total rigs down -2 to 603
The reserve pool is trading at $78.35 down $0.92 or -1.16%. Prices are trading near lows for the day. The high of the day was at $79.93.
For the trading week, the prices of $0.39 or 0.50%. The low for the week reached $76.92 (Wednesday). The high for the week was at $79.93 (today)
This article was written by Greg Michalowski at www.forexlive.com.
