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Baker Hughes oil rig count -7 to 425

  • Total rig -8 to 539
  • Oil rig -7 to 425
  • Nat Gas -1 to 108

Crude oil is trading down $0.52 or -0.77% at $66.94. For the trading week, they prices up 2.95%. For the year, the price is down -6.78%.

The low price today reached a $67.54. It was still above the 50% midpoint of the move up from the April low at $66.33. The 200 hour moving average is just below that level at $66.30.

This article was written by Greg Michalowski at www.forexlive.com.

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