Tracking the lagged rebound in WTI prices, the US oil rig count rose by 9 last week - the biggest weekly rise since June. Total US Crude output just hit a new record high.
Tracking the lagged rebound in WTI prices, the US oil rig count rose by 9 last week - the biggest weekly rise since June.
And with production at record highs, we suspect OPEC will need to jawbone some more...
And total US Crude output just hit a new record high...
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