Bakers Hughes oil rig count +1 to 623<p>The Baker Hughes rig count for the current week shows:</p><ul><li>Oil rigs rose 1 to 623. </li><li>Gas rigs +2 to 157</li><li>Total rigs +3 to 792 </li></ul><p>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. </p>
This article was written by Greg Michalowski at forexlive.com.
Source: Bakers Hughes oil rig count +1 to 623 (https://forexlive.com/news/bakers-hughes-oil-rig-count-1-to-623-20221118/https://forexlive.com/news/bakers-hughes-oil-rig-count-1-to-623-20221118/)
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