- Oil rigs +1 to 481
- Nat. Gas +1 to 98
- Total rigs +2 to 585.
Crude oil is trading up $1.63 for 2.59% and $64.09. That takes the price above the 50% midpoint of the move down from the recent April 2 high at $63.70. The price I traded to the highest level going back to April 4. The low price for the month was reached at $55.12 on April 9. Since then, the price is up 16.26%. The prices still down around -10.25% from the end of March.
This article was written by Greg Michalowski at www.forexlive.com.
