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...