Baker Hughes oil rigs -2 in the current week to 499 ...Middle East

The weekly Baker Hughes rig count data is showing:Oil rigs -2 to 499Gas rigs -1 to 117Total rigs -2 to 619..The price of WTI crude oil is trading up $0.50 or 0.69% at $72.52. That is well-off the high price of $75.25. The low price today has reached $72.36. The move to the upside was helped by geopolitical risks from the Middle East. The US and UK conducted airstrikes against Houthi rebel targets in Yemen. The military actions were a response to the Houthi rebels' attacks on ships in the Red Sea since November. As per expectations, the Houthi deputy foreign minister warned that the US and UK will "pay a heavy price" for what they describe as "blatant aggression." Both Iran's foreign ministry

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