US rig count rises

The recent peak in crude prices coincides with the bottom for the US oil rig count (discussed Monday).

Source: The Daily Shot; August 3 – Global Macro Currents

One thought on “US rig count rises

  1. […] But I wouldn’t bet the house on it. Especially when gasoline inventories have surged, the US rig count is rising …..and demand is set to […]

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