Baker Hughes oil rig count -6 at 546

<ul><li>Oil rigs -6 at 546</li><li>Nat Gas unchanged at 130 </li><li>Total rigs -5 at 682</li></ul><p>WTI crude oil is trading down -$0.70 or -0.99% at $68.84. The low for the day extended all the way down to $67.35. At the lows for the week, the price tested its 200-week <a href="https://www.forexlive.com/terms/m/moving-average/">moving average</a> at $67.38 (see green line in the chart below).</p><p>The high for the day reached $69.65. For the trading week <a href="https://www.forexlive.com/terms/c/crude-oil/">crude oil</a> is down 4.27%. That's the largest decline since May 1, 2023.</p>

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