Baker Hughes US oil rig count -2

<ul><li>Oil rigs 625 vs 627 prior</li><li>Gas rigs 153 vs 155 prior</li></ul><p>A lot of oil company budgets have gone out in the past two weeks with $80 budgets but that's suddenly looking unwise. Crude is down nearly 15% from the Dec 1 high.</p>

This article was written by Adam Button at www.forexlive.com.