Total rigs 1045 vs 1059
The Baker Hughes rig count for the current week is showing a contraction:
- Oil rigs 847 versus 862 last week
- Gas rigs 198 versus 197 last week
- Total rigs 1045 versus 1059 last week
The current price of crude oil futures trading at $55.19 up $1.40 or 2.6%. The price is trading at the highs for the day. The low reached $53.37.
