Oil rig count -7 at 415Gas +5 at 122Total rig -2 at 542
The price of crude oil is trading down $-0.61 at $65.42.
For the trading week, the price tested its 100-day moving average, currently at $64.91. The low price for the week $64.76 on Wednesday, but it could not sustain momentum below that moving average.
For the trading week, the price is a down $-0.63 or -0.96% at current market levels.
This article was written by Greg Michalowski at investinglive.com.