WTI Crude Breaks To $43 Handle After Another Rise In Oil Rig Count (To 3 Month Highs)

by Tyler Durden
ZeroHedge.com
08/07/2015

Having hovered around the $43/$44 level all morning, new from Baker Hughes that the oil rig count in the US rose 6 to 670 (its highest in over 3 months) has sent it back down to a $43 handle…

*U.S. OIL RIG COUNT UP 6 TO 670, BAKER HUGHES SAYS
*U.S. TOTAL RIG COUNT UP 10 TO 884 , BAKER HUGHES SAYS

The rig count has now risen for 5 of the last 6 weeks… with Texas, Louisiana, and Kansas seeing the biggest rises…

The Rest…HERE

This entry was posted on Friday, August 7th, 2015 at 1:17 pm and is filed under Economics, Energy, Oil. You can follow any responses to this entry through the RSS 2.0 feed.