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Baker Hughes week US oil rig count unchanged

Baker Hughes week US oil rig count unchanged
525 oil rigs vs 525 previouslyNatural gas rigs 123 vs 128 priorOil rigs have been steadily falling this year but US fields have kept up productivity by tapping DUCs. I don't know how much longer that can last. Gas prices have struggled but there was talk we would be under $1 by now and Henry Hub is at $2.73 as we inch closer to drawdown season. This article was written by Adam Button at www.forexlive.com... Read More
Posted: Aug 11 2023, 17:05
Author Name: forexlive
Views: 092118

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