Post Profile

US Oil Rig Count Rises For 16th Straight Week To 8-Month Highs

With crude having rolled over, back to pre-inventory-data levels, hovering around $50, Baker Hughes reports the US oil rig count rose 4 to 432 - the 16th weekly rise in a row to th ehighest in 8 months. US Oil Rig count data has risen for 16 straight weeks... to the highest in 8 months. The rig count continues to track the lagged oil price very closely suggesting the trend of rising rig counts may be about to stop And crude shrugs.
read more


Related Posts

Crude Lifts After Rising Oil Rig Count Trend Ends

Business & Finance : Zero Hedge

After Yellen, Saudi-Yemen, and Fischer headlines roundtripped crude prices for the day, Baker Hughes' oil rig count was unchanged for the week at 406 (ending 8 straight weeks of rises). Crude prices are rising modestly on the news.....

Oil hits 15-month high as inventories fall

Business & Finance : USAToday: Money

Plunging U.S. inventories of crude oil boosted the commodity to its highest level in intraday trading in 15 months.        

Here comes the Baker Hughes rig count ... (USO, WTI, OIL)

Business & Finance : Business Insider: Money Game

Baker Hughes will publish its weekly counts of US oil and gas rigs just after 1 p.m. ET. The oil rig count rose for a fourth straight period last week, by 14 to 371. The count has moved higher since mid-May, as rising oil prices pre...

Crude Shrugs As US Oil Rig Count Rises For 8th Straight Week

Business & Finance : Zero Hedge

Crude prices had slipped back into the red ahead of Baker Hughes rig count data (after topping $48.50 Sept 16 overnight). For the 8th straight week (and 11 of last 12) the US oil rig count rose ( up 10 to 406 ), tracking the lagged ...

WTI Crude Slides As Oil Rig Count Rises To 7-Month Highs

Business & Finance : Zero Hedge

Following a week of supply concerns and inventory anxiety, crude prices have slipped notably lower, more potentially bearish news just hit with Baker Hughes reporting the oil rig count rose 2 to 416 - up for the 12th week in a row. ...


Copyright © 2016 Regator, LLC