Total rig counts down 15 in current week to 781
The Baker Hughes rig counts for the current week were lower across the board:
- total rig counts 781 versus 796 last week
- oil rig counts 659 versus 670 last week
- gas rigs 119 versus 123 last week
The price of crude oil is currently trading at $59.26. That's down $0.30 on the day or -0.5%. The high for the day extended to $59.78, while the low fell to $58.85.
The price of crude oil this week has seen a move up and then down. The price closed at $63.05 last Friday. On Wednesday the price soared to $65.65 after the bombing by Iran. Since then the price moved to the lowest level since December 11 at $58.66.
