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Bakers Hughes oil rig count falls 11 to 575

The weekly Baker Hughes rig count shows a decline of -11 on the week:Oil rigs -11 to 575 Largest week decline since September 2021. Nat. Gas rigs unchanged at 141Total rigs -11 at 720Last week, natural gas rigs tumbled -16 rigs. This week it is the oil rigs with a sharp one-week fall.Looking back toward the beginning of the year, the rig count on January 13 showed:Total rigs: 775Oil rigs: 623Gas rigs: 150Crude oil is trading near unchanged at $71.86. It is up $1.20 or 2.41% The price of natura... Read More

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Posted: May 19 2023, 17:07

Author Name: forexlive

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