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Factoid of the Day Tuesday, August 20, 2019
Baker Hughes reported that 770 crude oil rigs were active in the U.S. on 8/16/19, down 115 rigs from the 885 in operation on 12/28/18, according to Bloomberg. The price of crude oil (WTI) closed at $54.87 per barrel on 8/16/19, up from $45.33 per barrel on 12/28/18. The closing high for the period was $64.00 on 4/19/19. Baker Hughes also reported that 165 natural gas rigs were active in the U.S. on 8/16/19, down 33 rigs from the 198 in operation on 12/28/18. The price of natural gas closed at $2.20 per million British thermal units (BTUs) on 8/16/19, down from $3.30 per million BTUs on 12/28/18. The closing high for the period was $3.48 on 1/18/19.
 
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