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Bakers Hughes oil rigs fall 2 to 586

Baker Hughes weekly rig count data is out:Oil rigs -2 to 586Gas rigs -16 to 141Total rigs -17 to 731Big fall in gas rigs. Is it an expected demand thing? The price of crude oil is trading near lows at $70, but Natural gas is pushing higher and now trades up over 6% on the day. Having said that, the price of Natural gas closed the year at $4.39. The price reached to $2.06 at the beginning of April. The price is still gown -45.25% on the year. IN 2022, the price high reached $9.97. The current... Read More

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Bakers

Hughes

Rigs

Fall

Forex

Posted: May 12 2023, 17:06

Author Name: forexlive

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