Baker Hughes US oil rig count 116 vs 118 prior

<ul><li>Permian rigs -6 to 308</li><li>Gas rigs 502 vs 507</li></ul><p>Data today from the EIA showed US production up 90k bpd in July from June, which came as something as a surprised and helped to soften oil prices. Eventually though, falling rigs will bite.</p>

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