Baker Hughes oil rig count -5 at 410 ...Middle East

Oil rigs -5 at 410Gas rigs +2 at 124Total -2 at 540

Looking at the hourly chart below, the price decline is testing its 200-hour moving average at $67.08. Earlier today, the price fell below the 100-hour moving average at $68.60.

This article was written by Greg Michalowski at investinglive.com.

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