Credit: Baker Hughes weekly oil and gas drilling count
- Prior was 407
- Natural gas rigs 92 vs 88 prior
- Total rigs 508 vs 497 prior
So far, production hasn't turned higher because of the lag but we're close to the point now where it will increase.
Oil is near the lows of the day at $46.19, down 3% and giving up much of yesterday's 4% gain.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
