The weekly Baker Hughes rig count shows a big goose egg across the board:
- oil rigs unchanged at 574
- natural gas rigs unchanged at 151
- total rigs unchanged at 727
The price of crude oil is trading at $118.90 up $2.03 or 1.73%. The high price for the week reached $119.96 on Tuesday. It moved above a swing high area between $117.73 and $117.84.