The weekly Baker Hughes rig count shows a big goose egg across the board:

  • oil rigs unchanged at 574
  • natural gas rigs unchanged at 151
  • total rigs unchanged at 727

The price of crude oil is trading at $118.90 up $2.03 or 1.73%. The high price for the week reached $119.96 on Tuesday. It moved above a swing high area between $117.73 and $117.84.

Crude oil
Crude oil