The US oil rig count rose 12 last week - the first rise since December and biggest absolute rise since October 2014. WTI Crude is sliding on the news... pushing near a $56 handle again.
- *U.S. OIL RIG COUNT UP 12 TO 640, BAKER HUGHES SAYS
- *U.S. TOTAL RIG COUNT UP 3 TO 862, BAKER HUGHES SAYS
- *OIL RIGS IN PERMIAN BASIN RISE BY ONE TO 231: BAKER HUGHES
- *OIL RIGS IN TEXAS'S EAGLE FORD JUMP BY THREE TO 86
- *OIL RIGS IN WILLISTON BASIN RISE BY TWO TO 76: BAKER HUGHES
- *OIL RIGS IN GRANITE WASH GAIN BY TWO TO 12: BAKER HUGHES
- *OIL RIGS OUTSIDE MAJOR U.S. BASINS RISE BY TWO TO 143
Biggest rise in rig count since October
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Oil prices are dropping...
