The weekly Baker Hughes rig count data is in:
- Oil rigs fell -1 to 491
- Natural gas rigs rose 4 to 113
- Total rigs rose +3 to 604 for the current week
The price of WTI crude oil futures are trading at $84.85. That's down $0.84 on the day (March contract). The high price reached $85.56 the low price extended all the way down to $82.78 before bouncing back higher. Last Friday the price closed at $83.82.