Big fall in rigs in the current week
the Baker Hughes rig count for the week of October 25 fell to 830 from 851 last week. The estimate was for a modest drop to 850.
- Oil rigs fell to 696 from 713 last week
- gas rigs fell to 133 from 137 last week
The price of WTI crude oil futures is currently trading at $56.26. That is up $0.05 or 0.09%. The high price for the day reached $56.55. The low price extended down to $55.60
