Latest Baker Hughes rig count report 31 July 2015
Just awaiting the breakdown
Here we go
- Oil rig count 664 vs 659 prior
- Gas rigs 209 vs 216 prior
It sure looks like a bottom is forming to me
Baker Hughes oil rig count
WTI has broken the days lows on the release and we're down to 47.21
More rigs coming online increases production and that keeps the bearish grip on the oil price in place
WTI daily chart
