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Friday, May 05, 2017

Baker Hughes US oil rig count 703 vs 697 prior

  • 16 weeks in a row of gains
  • Prior was 697
  • Gas rigs 173
  • Prior gas rigs were 171
  • Total rigs 877 vs 870
OPEC quotas might continue in the second half but increasing drilling and production in the US means they're doomed.
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