The weekly Baker Hughes oil rig count showed a gain of 7 to 452. The Gas rigs were unchanged at 126 and Total rigs rose by 7 to 588.
Versus a year ago, oil rigs are up from 422 while gas rates are up from 117. The price of crude oil today is up by $2.36 at $81.30. The high prices today reached $81.54. The low price was at $77.93. The recent push to the upside has taken the price back above its high price from earlier this week at $81.25. The next target comes at $82.01 (see post here)
This article was written by Greg Michalowski at investinglive.com.
SOURCE LINK : Baker Hughes oil rig count up 7 to 452
