US Oil Rig Count Jumps To 9-Month Highs
The US oil rig count has risen for 22 of the last 24 weeks and is up 9 in the last week to 450 - the highest since Feb 2016.
Despite this surge, US production remains flat during the same period - hovering around 8.5mm barrels.
No reaction in crude following its early chaos on OPEC headlines...
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Thanks Tyler