Baker Hughes US oil rig count +2

  • US adds 2 oil rigs
  • Oil +2 to 622
  • Natural gas +1 to 155

Last week was the largest drop since September but rigs have bounced back.

Oil rigs have shown little growth since August and that's with drilled but uncompleted wells tapped out. With $77 oil, it's tough to see any growth in US production next year.

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