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US Oil Rig Count Soars by 10, Crude Price Appears Unfazed

The U.S. land rig count jumped by 15 this week. The increases to both oil and gas drilling are a result of recent price increases that are finally moving producers to increase spending on drilling......»»

Category: blogSource: 247wallstJan 12th, 2018

US Oil Rig Count Tumbles, Crude Price Dips Below $62

Baker Hughes reported Friday afternoon that the U.S. land-based oil rig count dropped by five this week. With crude prices at around $62 a barrel, rig counts could begin climbing again......»»

Category: blogSource: 247wallstJan 5th, 2018

US Oil Rig Count Flat, Price on Track to Close Up About 2% for the Week

The U.S. land rig count increased by one this week to 931 working oil and gas rigs. The oil rig count was unchanged. Crude prices remain on track for a gain of 1% to 2% for the week......»»

Category: blogSource: 247wallstDec 22nd, 2017

US Oil Rig Count Steady, Crude Price Slips Less Than 1% for the Week

There was no change to the U.S. count of land-based oil rigs this week. The count of rigs drilling for natural gas rose by eight, however, helping keep a lid on prices......»»

Category: blogSource: 247wallstNov 17th, 2017

Gold Soars As Oil Is Sent To The Naughty Corner

Concerning price action with oil falling on very bullish inventories as Trump and the FOMC indirectly boost gold. The official U.S. Crude Inventories delivered last night, announcing a monster draw.....»»

Category: topSource: marketpulseAug 16th, 2017

Oil Rig Count Up by 393 From Year Ago; Crude Oil Price Inches Higher

The US onshore oil rig count dropped by one this week according to the weekly report from Baker Hughes. A sharp projected increase in OPEC production reported earlier this morning is keeping a lid on........»»

Category: blogSource: 247wallstJul 21st, 2017

Oil Rig Count Rises by 2, Crude Oil Price Dips

The overall U.S. onshore rig count for the week was unchanged at 952. A total of two oil rigs were added and two natural gas rigs were removed during the week......»»

Category: blogSource: 247wallstJul 14th, 2017

Another Day, Another V-Shaped Panic-Buying Spree in Crude Oil

Suuposedly catalyzed this time by EIA forecast production cuts, WTI crude has spiked off an early tumble for the 3rd day in a row, running stops above $45. It appears the algos missed the fact that EIA also cut its price forecasts for t.....»»

Category: blogSource: zerohedgeJul 11th, 2017

Crude Oil Prices Hit 6-Month Low as Liquidation Heats Up

DailyFX com Talking Points Crude oil price drop to six week low as selloff heats up Gold prices continue to fall in FOMC meeting aftermath US jobs rig count and oil spec positioning data ahead Crude oil prices continue to sink hitting.....»»

Category: futuresSource: nasdaqMay 5th, 2017

Rig Count Rise Continues To Lead US Crude Production To 20-Month Highs

With WTI prices back below $50, it appears stocks and NOPEC production are trumping any OPEC hype/hope and today's Baker Hughes' rig count merely adds to those concerns. For the 13th week in a row, the nu.....»»

Category: blogSource: zerohedgeApr 21st, 2017

Baker Hughes Rig Count & Tanker Prices Point To More Oil Oversupply

DailyFX com Fundamental Forecast for USOIL Neutral Saudi Arabia supports Oil market from further declines on signs of supply cut extension Technical Post Crude Oil Price Forecast Bearish Evidence Is Gathering Steam BHI US.....»»

Category: futuresSource: nasdaqMar 25th, 2017

Rising Rig Count Leads US Shale To Kill Off The OPEC-Driven Oil Price Rally

With US crude inventories at reco.....»»

Category: blogSource: zerohedgeMar 10th, 2017

US Crude Production Nears 10-Month Highs As Rig Count Soars Most In Over 6 Years

Following last week's massive 29 rig jump in the US oil rig count (the largest since April 2013), Baker Hughes reports another 15 rig surge to 566 in the last week (with the entire rise dominated by horizontal/Permian rigs). US Crude production c.....»»

Category: blogSource: zerohedgeJan 27th, 2017

Crude Oil Price Slides on Iran Sales, Rising US Rig Count

WTI crude oil slipped by about a dollar a barrel in Monday's futures market on a continuing rise in U.S. drilling rigs and massive sales of stored Iranian oil are responsible for the downturn......»»

Category: blogSource: 247wallstJan 9th, 2017

Oil Rig Count Up by 13; Producers Dropping Hedges as Crude Price Rises

In the week ended December 23, the number of rigs drilling for oil in the United States totaled 523, according to the latest Baker Hughes North American Rotary Rig Count......»»

Category: blogSource: 247wallstDec 24th, 2016

Oil Soars 9% As OPEC Deal Details Emerge

Update: It appears the short-squeeze ammo has run out...   As the details of the OPEC 'deal' emerge during the press conference, WTI Crude prices have just burst through $49 stops (from 11/22 highs) and are up 9% on the day. Headlines: AL-FALIH: OP.....»»

Category: blogSource: zerohedgeNov 30th, 2016

Crude Oil Price Plunges 3% as Inventory Soars

U.S. commercial crude inventories increased by more than 14 million barrels last week, according to the U.S. Energy Information Administration......»»

Category: blogSource: 247wallstNov 2nd, 2016

Rising Rig Count Stifles Crude Oil Price Gains as Hedge Fund Short-Covering Ends

There are 539 working rigs in the country, according to the latest Baker Hughes North American Rotary Rig Count......»»

Category: blogSource: 247wallstOct 15th, 2016

Crude Oil Inventory Soars, Price Drops Below $50 a Barrel

U.S. commercial crude inventories increased by almost 5 million barrels last week, according to the U.S. Energy Information Administration......»»

Category: blogSource: 247wallstOct 13th, 2016

Russia Wants To Freeze Oil Output...At Its Historical High Level

The price of Brent crude hit a 52-week high of $53.73 a barrel in London after Russia's government appears to be cooperating with OPEC's largest member, Saudi Arabia, in taking actions to limit oil supply and encourage higher oil prices......»»

Category: blogSource: benzingaOct 11th, 2016

Rising Rig Count Sends Crude Price Back Below $50 a Barrel

In the week ended October 7, the number of rigs drilling for oil in the United States rose to 428, according to the latest Baker Hughes North American Rotary Rig Count......»»

Category: blogSource: 247wallstOct 8th, 2016