Baker Hughes oil rig count -5 at 410
- Oil rigs -5 at 410
- Gas rigs +2 at 124
- Total -2 at 540
Crude oil is sharply lower with the price down -2 dollars at $67.27. The low price reached $67.05.
Looking at the hourly chart below, the price decline is testing its 200-hour moving average at $67.08. Earlier today, the price fell below the 100-hour moving average at $68.60.
This article was written by Greg Michalowski at investinglive.com.
