Baker Hughes oil rig count rises -7 in the current week

Baker Hughes rig count for the week shows:

• Oil rigs up 7 at 488
• Natural gas rigs down -2 at 99
• Total rigs +4 at 592

Crude oil is down -1 dollar anyone cents or -2.5% at $70.67.

For the trading week, the high this week reached $73.11. The low was $70.16. Last Friday, the price closed the week and $70.49. With the current price and $70.67, the price is up marginally by $0.18

This article was written by Greg Michalowski at www.forexlive.com.