Thursday , 21 November 2024
Home Forex Baker Hughes US oil rig count +1
Forex

Baker Hughes US oil rig count +1

  • Oil rigs +1
  • Natural gas rigs -2

The economic momentum and optimism has left the oil market behind. It’s 2025 budget-setting season right now though and I’d imagine capital discipline will be the theme next year so that may start to help. The worries are OPEC and China though.

WTI was last down $1 to $69.71.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

USDCAD breaks below a cluster of technical levels

The USDCAD is moving lower and in the process has broken below...

NASDAQ index now down over 1% on the day. Russell 2000 maintains its gains

There is a shift out of the different major indices today. The...

US leading Index for October -0.4% vs -0.3% estimate

Prior month -0.3% revised from -0.5%Leading index -0.4% vs -0.3% estimate. One...

US existing home sales for October 3.96M versus 3.93M

Prior month 3.84M annualized rate revised to 3.83MExisting home sales percentage change...