Baker Hughes total rigs down to 632 from 642 last week

<ul><li>Oil rigs moved from 520 to 512 or -8 rigs</li><li>Natural gas rigs moved from 117 to 115 or -2 rigs</li><li>Total rigs moved from 642 to 632 or -10 rigs</li></ul><p>The trend in rigs continue to the downside. From a year ago, the total rigs are down -133 rigs or -17.4%. The price of crude oil is currently up $0.42 at $79.46. That is down from the high of $80.45. The low price today was at $78.85.</p>

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