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Baker Hughes oil rig count up eight at 405.

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Total rigs up three at 503. Crude oil remains down over one dollar today for the seventh consecutive decline

The Baker Hughes rig count show:

  • Oil rigs +8 to 405
  • Gas,  -5 to 97
  • Total Rigs, +3 to 503

The price of crude oil remains down $1.08 or -1.69% at $62.54. Barring a rally into the close, a lower close will be the seventh day in a row.

Since the last high on July 19, the price is down -19.3% (to today’s low). The move down over the last 7 days has seen the price move down -10.7%.

Total rigs up three at 503. Crude oil remains down over one dollar today for the seventh consecutive decline_

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