The Baker Hughes rig rely for the present week is displaying:
- Oil rigs +5 to 482
- Gasoline -2 to 101
- Complete rigs, +3 to 589
The value of crude oil is down $1.28 on the week or -1.63%.
Wanting on the day by day chart, the value of crude oil stays under the 200-day MA (inexperienced line) at $78.66. The excessive value right now reached $78.60 just under that stage. Getting above the 200-day shifting common would give the patrons some added confidence. Staying under the extent retains the sellers in play and extra in management.