Crude Lifts After Rising Oil Rig Count Trend Ends

Jon Alternative Media, Blogosphere, Energy, Fiscal Policies, Market Commentary

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…
*U. S. GAS RIG COUNT DOWN 2 TO 81 , BAKER HUGHES SAYS *U. S. OIL RIG COUNT UNCHANGED AT 406 , BAKER HUGHES SAYS US oil rig count continues to broadly track lagged oil prices but stalled the rise this week…

This post was published at Zero Hedge on Aug 26, 2016.