Crude oil trades at $44.40 before the report.
The Baker Hughes total rigs comes in at 952 vs 940
- Gas rig 189 vs 184 last week
- Oil 763 vs 756 last week
The price of crude oil has moved lower after the jump. The price of crude oil is trading at $44.02 currently down from $44.40 before the report.
The low today from earlier today reached $43.78. This is close to the May 2017 low at $43.76. The low after the Baker Hughes report just reached $43.95 before bouncing higher.
