Baker Hughes US oil rig count +3<ul><li>Oil +3 to 615</li><li>Natural gas -1 to 155</li></ul><p>The US rig count has been flat since July and DUCs continue to draw down, suggesting that oil production might be flatlining and that forecast above 13 mbpd next year are too rosy.</p><p>The again, with oil up $4 today, it's only a matter of time until pumping more is too tempting.</p>
This article was written by Adam Button at forexlive.com.
Source: Baker Hughes US oil rig count +3 (https://forexlive.com/news/baker-hughes-us-oil-rig-count-3-20221104/https://forexlive.com/news/baker-hughes-us-oil-rig-count-3-20221104/)
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