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Bakers Hughes oil rig count +1 to 623

November 20, 2022 by admin 0 Comments

The Baker Hughes rig count for the current week shows:

Oil rigs rose 1 to 623.
Gas rigs +2 to 157
Total rigs +3 to 792

The price of crude oil tumbled to a low of $77.24 but is trading at $78.82 currently The high reached $82.62 today. The price is below the 100 week MA at $80.94. A close below would be the first below the MA going back to December 2020. The price is down -$10.10 on the week.

Crude oil is trading below the 100 week MA

This article was originally published by Forexlive.com. Read the original article here.