Baker Hughes oil rig count +1 to 481 ...Middle East

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Baker Hughes oil rig count +1 to 481
Oil rigs +1 to 481Nat. Gas +1 to 98Total rigs +2 to 585.

Crude oil is trading up $1.63 for 2.59% and $64.09. That takes the price above the 50% midpoint of the move down from the recent April 2 high at $63.70. The price I traded to the highest level going back to April 4. The low price for the month was reached at $55.12 on April 9. Since then, the price is up 16.26%. The prices still down around -10.25% from the end of March.

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

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