The weekly Baker Hughes equipment count shows:
- Oil rigs -1 at 482
- Gas Platforms +1 at 103
- The total number of equipment is unchanged at 589
Crude oil is trading at $74.13. That’s one dollar a day. For the trading week, the price rose by 5.65% with a gain of $3.97.
This article was written by Greg Michalowski at www.forexlive.com.
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