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Baker Hughes oil rig rely -5 at 410

  • Oil rigs -5 at 410
  • Gas rigs +2 at 124
  • Total -2 at 540

Crude oil is sharply lower with the price down -2 dollars at $67.27. The low price reached $67.05.

Looking at the hourly chart below, the price decline is testing its 200-hour moving average at $67.08. Earlier today, the price fell below the 100-hour moving average at $68.60.

This article was written by Greg Michalowski at investinglive.com.

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