> Baker Hughes total rigs down to 632 from 642 last week

Baker Hughes total rigs down to 632 from 642 last week

Baker Hughes recount continues to move lower

Friday, 25/08/2023 | 17:09 GMT

Oil rigs moved from 520 to 512 or -8 rigs
Natural gas rigs moved from 117 to 115 or -2 rigs
Total rigs moved from 642 to 632 or -10 rigs

The trend in rigs continue to the downside. From a year ago, the total rigs are down -133 rigs or -17.4%. The price of crude oil is currently up $0.42 at $79.46. That is down from the high of $80.45. The low price today was at $78.85.