Technical Analysis

Baker Hughes oil rig depend 847, down 15 rigs in present week

Whole rigs 1045 vs 1059

The Baker Hughes rig depend for the present week is exhibiting a contraction:Oil rigs 847 versus 862 final weekGas rigs 198 versus 197 final weekTotal rigs 1045 versus 1059 final week

The present worth of crude oil futures buying and selling at $55.19 up $1.40 or 2.6%. The worth is buying and selling on the highs for the day. The low reached $53.37.

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