Baker Hughes rig count for the week shows:
- Oil rigs up 7 at 488
- Natural gas rigs down -2 at 99
- Total rigs +4 at 592
Crude oil is down -1 dollar anyone cents or -2.5% at $70.67.
For the trading week, the high this week reached $73.11. The low was $70.16. Last Friday, the price closed the week and $70.49. With the current price and $70.67, the price is up marginally by $0.18
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- Source: https://www.forexlive.com/news/baker-hughes-oil-rig-count-rises-7-in-the-current-week-20250221/
