Oil Dips As Rig Count Rises By Most Since 2015

Writer at ZeroHedge • Jul 3, 2016 at 3:13 AM EDT

It appears oil traders have no interest in rig counts anymore (for now). With an 11 rig increase - the most since Dec 2015 - the rig count continues to track the lagged price rise in WTI.

It appears oil traders have no interest in rig counts anymore (for now). With an 11 rig increase - the most since Dec 2015 - the rig count continues to track the lagged price rise in WTI. However, the market has just shrugged it off for now...