The Baker Hughes weekly rig count:
- Oil rigs +6 to 500
- Gas rigs, -4 to 114
- Total rigs +2 to 618
The price of crude oil is trading up $2.91 at $76.00. That is up 3.98% on the day. The price is trading at session highs. The low reached $72.79.
This article was written by Greg Michalowski at www.forexlive.com.