US oil and gas drilling data from Baker Hughes
– Prior was 609
– Eighth week in a row of rising rigs
– Gas rigs 151 vs 146 prior
– Total rigs at 768 vs 756 prior
As if oil hadn’t had enough bad news this week. WTI staged a rally earlier today but it’s been obliterated and crude is down almost 2% in the third day of heavy selling.
