Baker Hughes US oil rig count -4

<ul><li>Oil rigs 525 vs 529 prior</li><li>Gas rigs 128 vs 128 prior</li></ul><p>Oil prices are on a nice run today. Rigs were up at 625 to start the year so we've lost nearly 100 and DUCs are basically exhausted. There aren't many taps to turn on if oil prices run (at least not in the US).</p>

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