Silver as an investment

Rig Count Rises By Just 2 As Goldman Expects Oil Market To Rebalance By Early 2018

zerohedge.com / by Tyler Durden / Jul 28, 2017 1:04 PM

With WTI heading for its best week since 2016, demand and inventory data is trumping production for now and today’s Baker Hughes rig count data did nothing to change that as, following last week’s 1 rig drop, producers only added 2 oil rigs in the last week to 766.

  • *U.S. GAS RIG COUNT UP 6 TO 192 , BAKER HUGHES SAYS :BHGE US
  • *U.S. OIL RIG COUNT UP 2 TO 766 , BAKER HUGHES SAYS :BHGE US

Judging by the lagged correlation to WTI, rig counts are stalling as expected…

READ MORE

The post Rig Count Rises By Just 2 As Goldman Expects Oil Market To Rebalance By Early 2018 appeared first on Silver For The People.