The weekly Baker Hughes rig count data showed small increases in oil and gas rigs:

• Oil rigs rose 1 to 481.
• Natural gas rose 1 to 101
• Total rigs up 2 at 588

Crude oil is trading down -$0.58 and $70.72. For the trading week, the price of oil is down $-0.24 or -0.36%

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