Bakers Hughes oil rigs fall 2 to 586

Baker Hughes weekly rig count data is out:

• Oil rigs -2 to 586
• Gas rigs -16 to 141
• Total rigs -17 to 731

Big fall in gas rigs. Is it an expected demand thing? The price of crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Read this Term is trading near lows at $70, but Natural gas is pushing higher and now trades up over 6% on the day.

Having said that, the price of Natural gas closed the year at $4.39. The price reached to $2.06 at the beginning of April. The price is still gown -45.25% on the year.

IN 2022, the price high reached $9.97. The current price is trading at 2020 level.