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Number of US oil rigs Baker Hughes -4

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  • Oil rigs 525 vs 529 before
  • Gas Rigs 128 vs 128 before

Oil prices are on a good run today. Rigs were up to 625 to start the year, so we’ve lost nearly 100 and DUCs are pretty much sold out. There aren’t many taps to turn on if oil prices go up (at least not in the US).

This article was written by Adam Button at www.forexlive.com.

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