Total rigs lower to 949 vs 954 last week
The weekly Baker Hughes rig count is out and the results show:
- Oil rig count up to 768 vs 765
- Total rig cound 949 vs 954 last week
- Gas rigs down to 181 vs 189 last week.
Crude oil is trading at $48.48 currently. The high today extended to $48.69. The low reached $47.98.