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Rig Count Rises To April 2015 Highs As Analysts Warn "Oil Market Rebalancing Hasn't Even Started Yet"

Rig Count Rises To April 2015 Highs As Analysts Warn "Oil Market Rebalancing Hasn't Even Started Yet"

After falling for the first time this year two weeks ago, Baker Hughes reports US oil rig count rose once again (up 2 to 765) for the 24th week in the last 25, to the highest since April 2015.

"The so-called re-balancing is likely to happen later than earlier," Michael Poulsen, an analyst at Global Risk Management Ltd, said on Friday.

It does appear we have reached an inflection point in the rig count numbers (if the historical relationship with crude holds)...

 

Of Russia Baiters And Putin Haters

Authored by Patrick Buchanan via Buchanan.org,

“Is Russia an enemy of the United States?” NBC’s Kasie Hunt demanded of Ted Cruz. Replied the runner-up for the GOP nomination, “Russia is a significant adversary. Putin is a KGB thug.”

To Hillary Clinton running mate Tim Kaine, the revelation that Donald Trump Jr., entertained an offer from the Russians for dirt on Clinton could be considered “treason.”

Treason is giving aid and comfort to an enemy in a time of war.

NBC Reports Former Soviet Intelligence Officer Attended Meeting With Don Jr., But There's A Catch...

NBC Reports Former Soviet Intelligence Officer Attended Meeting With Don Jr., But There's A Catch...

Just when you thought the Don Jr. story was starting to fizzle, due to revelations which would suggest that nothing of substance was discussed in his meeting with the now infamous Russian lawyer Natalia Veselnitskaya, NBC News has just dropped a new "bombshell" detail that the heretofore unknown, and quite 'mysterious', third-party that attended that meeting with Veselnitskaya was none other than a Soviet-born counter intelligence officer.

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