The US oil rig count surged by 19 to 471 last week – the biggest weekly rise since July 2015 back to 9-month highs. This is the 22nd weekly rise in the last 24 weeks and is occurring as US crude production is beginning to rise once again.
- *U.S. OIL RIG COUNT UP 19 TO 471 , BAKER HUGHES SAYS :BHI US
- *U.S. GAS RIG COUNT UP 1 TO 116 , BAKER HUGHES SAYS :BHI US
Tracking lagged WTI prices still…
And US production is on the rise…
WTI prices slipped on the print…
The post WTI Slides After Biggest Rig Count Spike In 16 Months appeared first on crude-oil.top.