Baker Hughes oil rig count -8 to 465

• Oil rig count: -8 to 465 (4th straight weekly decline)
• Natural gas:-2 to 98
• Total rigs -10 to 566

Drill. Drill. Drill has not exactly been happening. Yet oil prices are still down on the year with the price down -14.51% or -$10.42 from the closing level at the end of 2024 ($71.81). The current price is at $61.39.

This article was written by Greg Michalowski at www.forexlive.com.