Baker Hughes US oil rig count -1

Total rigs down 2 to 576. It’s the third consecutive weekly drop in rigs.

The oil market is in flux at the moment as OPEC brings back more barrels than anticipated and Trump zig-zags on trade policy. Natural gas is looking healthier though with days of US supply down about 18% y/y.

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