Baker Hughes US oil rig count unchanged

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Post author By admin_biglotfx
August 2, 2024
No Comments on Baker Hughes US oil rig count unchanged | Forexlive

Oil rigs unchanged at 482
Natural gas rigs -3 to 98

Overlooked in all the drama in markets this week was the EIA report massively revising lower US oil production. It’s barely risen in the past year now, highlighting some risks going forward to supply.

That said, the market is totally focused on demand at the moment with WTI down $3 today.

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

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